US Memory Care communities sold

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The four-property portfolio of US Memory Care communities in Texas has been purchased by an undisclosed investor.

Silverado will assume management of the communities located in Cedar Park, Houston and Plano, TX, and Sagora Senior Living will operate the Colleyville, TX, property.

Each of the four communities has 70 memory care units and 75 beds and a total of approximately 60,000 square feet of space on about 4.7 total acres of land. They were constructed between 2013 and 2015.

Greystone Real Estate Advisors announced on Monday that the sale had closed Dec. 15. Cody Tremper and Mike Garbers of Greystone represented US Memory Care in the transaction.

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