Senior Housing Property Trades for $35M

A private investor has acquired Sagewood Gardens, a 162-unit active senior living community in Hacienda Heights, for $34.4 million.

Located on Gale Avenue, the property was built in 1988 and features 21 residential buildings totaling 93,930 rentable square feet. The property has a mix of one and two-bedroom units and a single-family home.

Principals Alex Mogharebi and Otto Ozen of TMG represented the seller, a private Los Angeles owner, and the San Gabriel Valley based private buyer.