Thursday, January 8, 2009

Alabama Senior Housing Property Sells for $4.4M

TAMPA, FL --CLW Health Care Services Group is pleased to have represented a national health care REIT in the sale of Ridge View at Meadow Brook, (top right photo) an 84-unit Assisted Living Facility located in Birmingham, Alabama.

Built in 1999, the single-story building contains 48,058 square feet and is situated on 6.5 acres. A wing of the building containing 17,967 square feet was closed at the time of sale.

The purchase price was $4,400,000 ($52,381 per unit).

Contact: Allen McMurtry, 813.349.8349, amcmurtry@clwrg.com

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