**Continuum Advisors Facilitates $54.5M Sale of Laurel Circle CCRC in New Jersey**
Continuum Advisors, a national senior housing investment sales and advisory firm, has successfully completed the sale of Laurel Circle, a 270-unit luxury continuing care retirement community (CCRC) located in Bridgewater Township, New Jersey. Positioned on a scenic 25-acre parcel in Somerset County, the property attracted robust interest from prospective buyers. The transaction was finalized with an affiliate of Maxwell Group & Senior Living Communities acquiring the asset for a reported $54.5 million.
Continuum co-founders David Kliewer and Jay Jordan represented a joint venture that included LCS in marketing the community. Notably, this marks the second sale arranged by the Continuum team for this property, which was previously known as Arbor Glen. The firm also handled its sale in 2018, when it was acquired out of a defaulted bond sale process.
“From distress to success, the sale of Laurel Circle represents the full cycle of a strategic investment in an Entrance Fee CCRC/Life Plan community,” said Kliewer. “The successful turnaround demonstrates the strength of the Entrance Fee CCRC business model and the growing demand for this asset class.”
The sale underscores Continuum Advisors’ expertise in repositioning and enhancing the value of senior living communities across the country.
