Saint Paul, MN – Cushman & Wakefield announced today that the real estate services firm served as the exclusive advisor to a joint venture between The Waters Senior Living (“The Waters”) and an institutional capital partner in the procurement of a $16.5 million
acquisition loan for the purchase of The Waters of Highland Park, an 84-unit independent living, assisted living and memory care community located in the Highland Park neighborhood of St. Paul, Minnesota.
Cushman & Wakefield’s Richard Swartz, Jay Wagner, Sam Dylag and Bailey Nygard represented the borrower in the transaction.
“The Waters of Highland Park is a superb, infill community managed by a leading operator,” said Wagner. “The location is fantastic and the community provides high quality senior care to the area’s seniors and their families. Congratulations to The Waters of Highland Park team on this fantastic community.”
“We’re thrilled to acquire this community and continue to provide our leading care and lifestyle to the Highland Park area,” said Tami Kozikowski, President and Chief Executive Officer of The Waters. “We originally developed the community and have managed it since opening but we are thrilled to take an ownership position in this amazing property. Waters and our partners enjoyed working with Cushman & Wakefield to arrange the financing.”
A photo of the property can be downloaded here.