Cushman & Wakefield’s Senior Housing Capital Markets Group has arranged the sale of The Thunderbird Retirement Resort for $26.8 million. The high-end independent and assisted living community in Glendale, AZ, has 345 units.
The Senior Housing Capital Markets Group also arranged the $21.2 million first mortgage, non-recourse acquisition financing of the transaction with Grandbridge Real Estate, a subsidiary of BB&T Real Estate. It is a three-year loan with competitive economic terms and extension options.
This article originally appeared on McKnight's