TUCSON, AZ (Aug. 26, 2026) — Inspirations of River Centre, a 112-bed senior housing community at 5665 E. River Road in northeast Tucson, sold for $7 million in an off-market transaction.
Sierra Holding LLC of Eagle, Idaho, acquired the 46,187-square-foot assisted living property from Tucson AL RE LP. The sale closed August 3, 2026. The property sits on approximately 2.79 acres and traded for about $151.56 per square foot, or approximately $62,500 per bed.
The buyer is affiliated with The Pennant Group, an Idaho-based operator of senior living, home health and hospice businesses. Andrew Rider is listed as manager of the acquiring entity. The seller, Tucson AL RE LP, uses a Louisville, Kentucky address associated with Ventas-related senior housing ownership entities.
The transaction was completed off-market.
Built in 1998, Inspirations of River Centre includes approximately 51 to 75 senior living residences in a mix of one- and two-bedroom configurations. Amenities include an on-site beauty salon and barber shop, library, café, courtyard, fitness and wellness classes and scheduled transportation services.
The community remains in operation as Inspirations of River Centre and continues to market assisted living accommodations at the River Road location. The property continues to be operated by Grace Management.
The sale represents another institutional transaction in Tucson’s senior housing sector, where operating performance, demographics and long-term demand continue to attract specialized investors despite higher capital costs and a more selective lending environment.
The property is located east of North Craycroft Road near the River Road corridor, one of northeast Tucson’s established residential and medical service areas.