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Cushman & Wakefield Arranges Sale of 426-Unit Watermark at Logan Square in Philadelphia

PHILADELPHIA — Cushman & Wakefield has arranged the sale of The Watermark at Logan Square, a 426-unit rental continuum community in the Center City neighborhood of Philadelphia.

The firm also served as the exclusive advisor to the undisclosed buyer in procuring acquisition financing.

A fixture of the Philadelphia skyline, the 24-story tower originally opened in 1984 and offers independent living, assisted living, memory care and skilled nursing. The property is located prominently above the Logan Square circle and offers true urban senior living in one of the fastest growing neighborhoods in the Philadelphia MSA.

Cushman & Wakefield’s Rick Swartz, Jay Wagner, James Dooley and Bailey Nygard represented the seller, procured the buyer and arranged the financing, which a national bank provided.

The post Cushman & Wakefield Arranges Sale of 426-Unit Watermark at Logan Square in Philadelphia appeared first on Seniors Housing Business.

Source: Senior Housing Business

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