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ESI Arranges $31.5M Sale of Balfour at Littleton in Colorado

LITTLETON, Colo. — Evans Senior Investments (ESI) has arranged the sale of Balfour at Littleton, a seniors housing community in the Denver suburb of Littleton.

United Properties sold the 86-unit assisted living and memory care community for $31.5 million, or $366,279 per unit. 

Built in 2018, the trophy asset was 97 percent occupied. Over the past 12 months, the community consistently maintained an average occupancy of 95 percent, even with new supply coming into the market, according to ESI.

The buyer was an investment group based in Ohio.

The post ESI Arranges $31.5M Sale of Balfour at Littleton in Colorado appeared first on Seniors Housing Business.

Source: Senior Housing Business

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