Just about a year ago, veteran senior living brokers Jay Jordan and Dave Kliewer launched Continuum Advisors. Although the brokerage firm is fairly new, the duo reached a milestone by closing their 175th transaction in more than 20 years of exclusively selling senior living properties.
To date, Continuum Advisors has closed transactions across 35 states with an additional $350 million in its national sales pipeline currently under contact.
The Tampa Bay, FL-based national senior housing investment sales and advisory firm facilitated the sale of Meredith Bay Colony Club, an 85-unit continuing care retirement / life plan community in Meredith, NH. The deal marks more than $1.25 billion in CCRC sales closed by Continuum Advisors since its inception.
The financially stressed CCRC was sold through a court-directed process. OnePoint Partners served as the rehabilitation trustee and Continuum Advisors was retained to market the community for sale. The property was sold at a purchase price of $11 million, plus buyer Taylor Company’s assumption of approximately $10.5 million in resident entrance fee refund liabilities.
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.
“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,”
Jordan said.