Alabama senior housing traded for $27M

Site home to more than 250 residential units

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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. *** What's your opinion? Leave your comments below or send a letter to the editor. ...