Mesa, AZ – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of Bella Vista, a 188-unit independent living and assisted living community located in Mesa, Arizona.
Cushman & Wakefield’s Rick Swartz, Aaron Rosenzweig, Sam Dylag and Jack Griffin, Jay Wagner represented the sellers, a joint venture between Wexford Real Estate Investors and Beztak Companies, in the transaction. Bourne Financial Group, a private equity buyer based in Winter Park, Florida, acquired the asset and will self-manage this community with its in-house operator, Park Avenue Lifestyle.
The property was originally constructed in 1978 and underwent significant renovations from 2013-2017.
A photo of the property can be downloaded here.