Ryan Saul and Patrick Burke of Senior Living Investment Brokerage recently facilitated the sale of an assisted-living center with memory care in Bartlett, Tennessee.
Foxbridge Assisted Living is a 120-unit facility made up of five 24-unit resident communities along with an administrative office. The property was built in 1989 and sits on just more than 12 acres.
The buyer is a joint venture between a regional operator who partnered with a private real estate investment company. The buying entity assumed a HUD note of $7.5 million.
The seller is a not-for-profit based in Connecticut.