Senior living facility in Gilbert sold to private equity firm
An entity in care of private equity firm Bakerson Companies acquired The Oaks Assisted Living and Memory Care property in Gilbert for $26.5 millon from an entity tracing to Bridge Investment Group Partners, according to commercial real-estate website vizzda.com.
The sale came with $32.88 million in cross-collateralized debt with Forbright Bank. The sale price includes $3.43 million in furniture, fixtures and equipment and intangibles.
This was part of a portfolio sale spanning two senior living facilities in Maricopa County and totaling $53 million.
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An entity in care of private equity firm Bakerson Companies acquired The Oaks Assisted Living and Memory Care property in Gilbert for $26.5 millon from an entity tracing to Bridge Investment Group Partners, according to commercial real-estate website vizzda.com.
The sale came with $32.88 million in cross-collateralized debt with Forbright Bank. The sale price includes $3.43 million in furniture, fixtures and equipment and intangibles.
This was part of a portfolio sale spanning two senior living facilities in Maricopa County and totaling $53 million.
The Oaks at 3675 S. Rome St., Gilbert, is a 134-unit senior living facility. It is 94,098 square feet in one two-story building built 2014 on 4.79 acres zoned general office. Units include studios, one- and two-bedroom assisted living apartments with kitchenettes.
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