Joint Venture Acquires 78-Unit Seniors Housing Facility in Paoli, Pennsylvania
A joint venture between Senior Living Transformation Co. and Sabal Investment Holdings has completed the acquisition of Daylesford Crossing, a 78-unit seniors housing complex in Paoli, Pennsylvania. This property, located in a prominent western Philadelphia suburb, provides essential assisted living and memory care services. Opened in 2015, Daylesford Crossing is designed with a comprehensive suite of amenities to support its residents' well-being, including a dedicated media room, a wellness facility, a library, and a salon, complemented by an onsite healthcare facility. The seller in this transaction was AEW Capital Management, a Boston-based investment firm. The brokerage team from Berkadia, including Dave Fasano, Ross Sanders, Cody Tremper, and Mike Garbers, represented the seller. This acquisition underscores the sustained investor confidence in the seniors housing market, particularly for well-established facilities that cater to a range of care needs. For developers and lenders, this deal signifies continued demand for specialized residential assets in suburban markets, emphasizing the importance of integrated services and modern amenities in seniors housing projects.
More in Pennsylvania
· Easton, Pennsylvania
Benchmark Real Estate and Regal Ventures Acquire Easton Industrial Building for 70,000 SF Expansion
· Philadelphia, Pennsylvania
JPMorgan Chase Consolidates and Expands Philadelphia Office Footprint at 2400 Market Street
· Philadelphia, Pennsylvania
Brandywine Realty Trust Secures Full-Floor Lease at Cira Centre in Philadelphia
· Lancaster, Pennsylvania
Dwight Capital Secures $34M HUD Refinancing for Lancaster, PA Multifamily Property
· Bensalem, Pennsylvania
Neshaminy Mall in Bucks County to Undergo Mixed-Use Redevelopment