Greystone’s Real Estate Advisors group has closed the $44.75 million sale of a two-property seniors housing portfolio in the Indianapolis market.
Leo Brown Group sold the seniors housing properties to an undisclosed private equity investment fund late last year.
Traditions at Reagan Park and Traditions at Solana are both newly-constructed independent, assisted, and memory care communities with 81 units and 105 units, respectively. The properties feature restaurant-style dining; a beauty salon; a chapel; laundry facilities; 24-hour nursing services; a theater; a fitness center; and walking paths with views. Located in the Indianapolis metropolitan area, the properties are also well-situated and close to neighboring hospitals, physician offices and pharmacies, as well as cultural and entertainment destinations.