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Granite sells Austin-area senior housing properties for $23MGranite sells Austin-area senior housing properties for $23Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=10502015-05-13T15:05:00Z2015-05-12T00:00:00Z

GEORGETOWN, PFLUGERVILLE - Granite Investment Group has sold two senior housing properties for $23.4 million. The sale included Georgetown’s Park Place Care Center and Assisted Living (PPCCAL) and the Pflugerville Care Center (PCC).

PPCCAL was built in 1997 on nearly seven acres and includes a 116-bed nursing facility as well as a 48-bed assisted-living facility.

It offers 24-hour skilled nursing care, short- and long-term rehabilitation, common areas, private and semi-private rooms, activity directors, spiritual care and an order-by-menu dining program.

An affiliate of Granite Investment Group originally purchased the property in 2007 for $9.2 million.

PCC is a 111-bed skilled nursing facility built in 1991 on 3.2 acres. The facility provides residents with short- and long-term rehabilitation care.

An affiliate of Granite Investment Group originally purchased PCC property in 2005 for $9.1 million.

Texas Real Estate Business
Austin-Round Rock
Senior Living
http://rebusinessonline.com/granite-investment-group-sells-senior-housing-in-metro-austin-for-23-4m/Read more at {Source}

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