American Realty Pays $71M For Texas Senior Housing Facility
The Solana at Cinco Ranch includes 184 independent assisted living units, for which American Realty paid about $387,228 per unit, and a memory care facility. The REIT purchased the property with cash, bolstering its senior housing portfolio, which surpassed the $1 billion mark last year.
“The Solana at Cinco Ranch is...
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