LCB Senior Living LLC has acquired The Cedars Assisted Living community of Dartmouth for $9.9 million.

The seller was Cedar Holdings LLC. Debt funding was provided by the Massachusetts Housing Finance Association, with equity provided by Blue Moon Capital Partners.

The community, built in 2004 located at 628 Old Westport Road, will be renamed The Residence at Cedar Dell, effective immediately. It will include 78 independent, assisted and Reflections memory care living accommodations. The property will be renovated over the next 12 months to include new furniture, carpeting and finishes, among other updates.

"It’s hard to imagine a better addition to the LCB family of communities," LCB’s CEO Michael A. Stoller said in a statement. "The Residence at Cedar Dell is a first-rate property in a gorgeous ocean-side town that offers seniors a breadth of amenities and lifestyle benefits."

A closing for the property was held on June 9. LCB closed on Longwood Place at Reading three weeks ago, and has six communities in various stages of construction across New England.

Dartmouth Assisted Living Community Sells For $9.9M

by Banker & Tradesman time to read: 1 min
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