Mesa, AZ – Cushman & Wakefield, as exclusive advisor to EverWest Real Estate Investors, Ryan Companies US, Inc. and Cadence Living, has arranged the recapitalization of Acoya Mesa, a Class A senior housing community in the Mesa suburb of Phoenix, Arizona.
The property was purchased for $46.25 million by a global real estate investment manager who will retain Ryan and Cadence Living to continue operating the community.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Jack Griffin represented the seller and procured the buyer. The team also exclusively arranged the acquisition financing on behalf of the buyer. The non-recourse financing was provided by a national lender.
Located at 6502 E Brown Rd, Acoya Mesa is situated in a well amenitized urban area and encompasses 170 units of independent living, assisted living and memory care.
“We are pleased to have once again successfully executed on behalf of both the seller and buyer through a challenging time in the senior housing industry,” said Rosenzweig
Cushman & Wakefield Arranges Recapitalization of Class A Senior Housing Community in Arizona
Jayden Lapin-Tatman • 1/10/2022
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWakeExternal Link on Twitter.