Bow River Capital sells two-property, 140-unit, senior housing portfolio for $30M ($214K/unit)

  • 10/31/2024

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Bow River Capital has sold two 100 percent-private-pay senior housing communities in Colorado for $30 million. The Lodge at Greeley and The Lodge at Grand Junction total 140 units.

The Lodge at Greeley is a two-story, fully occupied community that was completed in 2020 and has 92 units. The property has 20 independent living, 48 assisted living and 24 memory care units within studio and one-bedroom layouts. The pet-friendly facility includes a beauty salon, library, fitness center, private event rooms and indoor and outdoor dining areas.

Located at 4430 24th St., The Lodge at Greeley is about 55 miles northeast of Denver and has a large senior housing population. More than 241,000 residents aged 65 and older are within a 20-minute drive.

The Lodge at Grand Junction is a 48-unit, 50-bed assisted living and memory care community. The two-story facility, completed in 2019, offers pet-friendly studio and one-bedroom layouts.

Bow River Capital
Patrick Blasdell | Managing Director, Real Estate

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