Katy: 184-unit Solana at Cinco Ranch sold for $71MKaty: 184-unit Solana at Cinco Ranch sold for $71Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=53222014-01-08T13:57:00Z2014-01-08T10:00:00Z

KATY - Class A senior housing community The Solana at Cinco Ranch has been purchased for $71 million. The property is a 184-unit independent living, assisted-living and memory care community.

The Solana at Cinco Ranch has 127 independent living units, 38 assisted-living units, and 20 memory care units. Community  amenities include concierge services, a signature restaurant, café, wine bar, sports bar, art studio, woodworking shop, fitness center, heated salt water pool, putting green and bocce ball court.

Currently 98 percent occupied, The Solana is located adjacent to La Centerra at Cinco Ranch and The Grand Parkway in Cinco Ranch.

American Realty Capital purchased the property from Formation Development Group LLC and affiliates of The Carlyle Group.

Online news
Houston-The Woodlands-Sugar Land
Senior Living
http://seniorhousingnews.com/2014/01/07/american-realty-capital-buys-senior-housing-property-for-71-million/Read more at {Source}

 Search NewsTalk Texas