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Cushman & Wakefield Sells Four Retirement Communities

Jan 15, 2014 | Reprints | Unlock Link | Print

Boston-based Cushman & Wakefield’s senior housing capital markets group has brokered the sale of four retirement communities from West Loop Holdings to Griffin-American Healthcare REIT II of Newport Beach, Calif.

The facilities in Illinois, Ohio and Colorado have more than 1,300 residents.

West Loop Holdings is a joint venture of GE Capital Healthcare Financial Services, KMF Senior Housing Investors and Senior Lifestyle Corp.

In a statement, Cushman & Wakefield Managing Director Jay Wagner said the properties received strong interest from REITs, facility operators and private equity funds. Terms of the transaction were not announced.

Commercial & Industrial