An entity tracing to Principal Financial Group and IRA Capital purchased the American Groves Senior Living property property on July 24 for $44.5 million with $28.93 million in new lending from BMO Bank, according to commercial real estate web site vizzda.com.
The sale includes personality — $5.34 million of tangible and intangible value per affidavit.
Seller entity traces to American Groves Senior Living and American Care Concepts.
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An entity tracing to Principal Financial Group and IRA Capital purchased the American Groves Senior Living property property on July 24 for $44.5 million with $28.93 million in new lending from BMO Bank, according to commercial real estate web site vizzda.com.
The sale includes personality — $5.34 million of tangible and intangible value per affidavit.
Seller entity traces to American Groves Senior Living and American Care Concepts.
The property at 941 E. Elliot Road, Gilbert, is an 89-unit, two-story senior care facility. It has one building, totaling 107,138 square feet, built in 2020 on 5.58 acres of land.
The facility includes studio, one-bed and two-bed independent and assisted living units. It has one pool.
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