NORTH CAROLINA – May 31, 2013 – (RealEstateRama) — Deborah K. Luedy with NAI Capital’s Pasadena office and Dave Stolte and John Alstrom with the Orange County office represented the Buyer, Forest Pointe Apartments, LLC, in the purchase of a multi-unit independent senior living community comprised of over 150 units located in North Carolina from the Seller, Statesman Group of Companies. The value of the sales transaction was undisclosed.
Deborah K. Luedy, broker with NAI Capital notes, “The Buyer acquired the senior living community as part of its growth expansion plans in the southeastern part of the U.S. During the due diligence period it had become more clear to the Buyer that the community was a very nice complimentary fit to their existing portfolio of communities. Their immediate plans for the community are to continue its operation by providing various levels of services for the independent seniors and additional services for those in need of more supportive levels of care.”
The Seller, Statesman Group of Companies, is based out of Canada and with its U.S. operations headquartered in Arizona, is the original developer or owner of the community. The community opened mid-year 2010 and is finishing its final phase of lease-up under new ownership. It is an exciting time for Forest Pointe Apartments, LLC as the area continues to grow both in senior services need and in the areas population.
About The Senior Living Advisory Services, a division of NAI Capital
Deborah Luedy, Dave Stolte and John Alstrom are all members of The Senior Living Advisory Services, a group committed to providing a spectrum of advisory and real estate brokerage services to the various segments of the Senior Living Industry. Their services include the basic fundamentals in the evaluation process for a buyer and seller related to the key factors of risk, value and project time-lines in the acquisition and disposition of properties and projects.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840
Sharon Fitzgerald, Public Relations, 818.742.1655 sfitzgerald (at) naicapital (dot) com