Cassidy Turley’s Allen McMurtry Represents Seller
TAMPA – November 7, 2013 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announces that Executive Managing Director Allen McMurtry has arranged the sale of Whitcomb House, an Assisted Living community located in Milford, MA.
Whitcomb House includes three interconnected buildings containing 68 total units in 48,565 square feet. Two of the buildings were renovated and converted to their present use from 1996-2000, and a third building was added in 2006 to connect the existing structures. The 87-bed community contains 66 Assisted Living beds and 21 Memory Care beds on approximately 9.3 acres. Occupancy has been averaging in the mid-90% range, and recently increased above 97%.
Mr. McMurtry represented a local owner who developed and managed the property. The community was purchased by an affiliate of Capital Senior Living Corporation.
Cassidy Turley’s Tampa Senior Housing team has sold 149 Senior Housing communities in 29 states with an aggregate sales volume of $1.8 billion.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.