Carlton Cove, an entrance-fee continuing care retirement community in Huntsville, Ala., has sold to another operator of senior housing communities for nearly $27.3 million.
ACTS Retirement-Life Communities purchased the 43-acre campus from Carlton Cove Inc. Included in the sale are 49 single-family and duplex homes, 113 independent living apartments, and a 91-unit/105-bed health center, which includes skilled nursing, Alzheimer's care and personal daily assistance.
The property's occupancy rate was not disclosed.
Copyright 2008 Inman News