PHOENIX-Senior Resource Group LLC has acquired two bank-ownedproperties: La Siena in Phoenix and Villa Hermosa in Tucson. Theseniors living communities, both of which were developed by OpusWest Corp. and opened in 2008, were sold for an undisclosedamount.
La Siena, located in North Central Phoenix, is comprised of 190units, and Villa Hermosa, situated within the Sonoran Desert Valleyin Tucson, offers 205 units. The two properties expand SRG’sportfolio to seven communities in Arizona.
“We are very familiar with these markets and these properties,”says Michael Grust, president and CEO of SRG. “We like haveclusters of properties, and these properties are a nice fit for ourportfolio.”
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