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Marcus & Millichap Arranges $5.6M Sale of Carlton Village in Northwest Tucson

TUCSON, Ariz. — Marcus & Millichap has arranged the sale of Carlton Village Senior Care Community, an 80-bed assisted living community in Northwest Tucson.

The community was built in 2018. The price of $5.6 million equates to $70,000 per bed.

Alex Snyder and Hamid Panahi, seniors housing investment specialists in Marcus & Millichap’s Tucson office, represented the seller, a seniors housing developer. The buyer was a Tucson-based owner-operator.

The community combines the scale of a large assisted living operation with the communal setting of high-acuity care homes, creating a quasi-campus of eight 10-bed homes.

“The developer’s foresight of evolving resident preferences among the high-acuity segment of assisted living led to the creation of Carlton Village,” says Snyder. “Although the demographics indicate a wave of future residents, communities need to constantly innovate to meet evolving resident preferences, prioritize healthcare and restore confidence that the safest place for seniors in the face of viral outbreaks — be it the current pandemic, annual flu seasons or future contagions — is in a seniors housing community.”

The post Marcus & Millichap Arranges $5.6M Sale of Carlton Village in Northwest Tucson appeared first on Seniors Housing Business.

Source: Senior Housing Business

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