Continuum Advisors, a nationwide firm specializing in senior housing investment sales and advisory services, recently facilitated the sale of Meredith Bay Colony Club. This continuing care retirement community (CCRC) is located in Meredith, New Hampshire and consists of 85 units.
The property was sold through a court-ordered process for $11 million. The buyer also assumed $10.5 million in resident entrance fee liabilities. OnePoint Partners acted as the rehabilitation trustee during the sale process while Continuum Advisors’ David Kliewer and Jay Jordan were retained to market the CCRC.
Taylor Community, a nonprofit owner and operator based in New Hampshire’s Lakes region, purchased Meredith Bay Colony Club. The community had been facing financial difficulties for several years before its sale.
Built in 2008 on an 11-acre campus, this CCRC offers residents a full continuum of care with options including 41 independent living apartments, 20 assisted living units,and24 memory care units.Additionally,the property includes over18 acresof undeveloped land that can be used for future expansion.The campus boasts various amenities such as an underground parking garage,a pool,and fitness center.This transaction marks another successful deal by Continuum Advisorsinthe senior housing market.
