Continuum Advisors Closes 85-Unit Senior Living Asset Sale in New Hampshire
Deal marks more than $1.25 billion in CCRC sales closed by national brokerage.
November 2024
Continuum Advisors, a national senior housing investment sales and advisory firm, today announced it facilitated the sale of Meredith Bay Colony Club, a premier 85-unit Continuing Care Retirement Community (CCRC) in Meredith, New Hampshire.
Built in 2008, the 11+ acre campus offers a full continuum of care for residents with 41 independent living apartments, 20 assisted living units, 24 memory care units, and an additional 18+ acres of undeveloped land for future expansion. The campus features abundant amenities, including an underground parking garage, indoor pool and fitness center.
Financially strained for several years, the community was sold through a court-directed process with OnePoint Partners serving as the Rehabilitation Trustee and Continuum Advisors retained to market the CCRC for sale.
Co-heads David Kliewer and Jay Jordan led the sale to close on Nov. 1, resulting in a purchase price of $11 million, plus the buyer’s assumption of approximately $10.5 million in resident entrance fee refund liabilities.
The buyer, Taylor Community, is a nonprofit owner and operator also based in the heart of New Hampshire’s Lakes region. It currently operates three other sites in the local area and was a natural fit for this property with deep roots in the region.
“Meredith Bay Colony Club is an attractive community whose current and future residents will experience a senior housing operator committed to excellence in its highly personalized care approach.”
Jay Jordan, Co-Founder of Continuum Advisors
Just two hours north of Boston, Meredith Bay Colony Club is set amongst a pristine White Mountains backdrop on the picturesque shores of Northwest Lake Winnipesaukee, a highly popular destination known for its abundant recreational activities and stunning scenery. Meredith was recently named one of the “best small towns on the East Coast” by Travel & Leisure magazine, adding to its regional allure as an idyllic retirement haven in New England.
The deal marks Continuum Advisors’ 175th senior housing transaction across 35 states with an additional $350 million in its national sales pipeline currently under contact.