Senior Housing: Alliance Senior Services Sells Assisted Living Portfolio for $17M
By Jonathan Bateman for CoStar
A joint venture between Veritas InCare LLC and Nationwide Health Properties, Inc. purchased a portfolio including four assisted living communities totaling 125,000 square feet from Alliance Senior Services LLC for $17 million, or approximately $134 per square-foot.
Nationwide Health Properties specializes in healthcare real estate and invests in senior housing facilities, long-term care facilities, and medical office buildings throughout the U.S. Veritas InCare is a senior housing management company and will take over managing the facilities.
Ryan Saul of Senior Living Investment Brokerage, Inc. represented the seller in this transaction. The buyer handled the negotiations on their own behalf.