Liv Communities sold a $255 million four-property, Class A seniors housing portfolio—LivGenerations—located in Phoenix, Arizona. Newmark represented the seller in the transaction.
The LivGenerations portfolio totals 546 units comprising independent living, assisted living and memory care units. The seller built all four communities—LivGenerations Agritopia, LivGenerations Ahwatukee, LivGenerations Pinnacle Peak and LivGenerations Mayo Boulevard—between 2014 to early 2022.
Located in submarkets throughout Phoenix, Scottsdale and Gilbert, the properties are situated near many single-family residences and multifamily communities. Each property is within walking distance of numerous shopping centers, restaurants and fitness centers.
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