Land Advisors Organization’s Healthcare Strategy Team represented the out-of-state buyer in the acquisition of an assisted living and memory care facility in Surprise, Arizona.
Scottsdale, Ariz. (October 31, 2022) – Land Advisors Organization’s Healthcare Strategy Team represented the buyer in the $17.6 million acquisition of Mariposa Point of Surprise, an assisted living/memory care facility in Surprise, Arizona, developed and owned by the McFarlin Group. The facility sits on 3.88 acres at 16650 N. Stadium Way.
The team of Laurie Sandau, Michele Pino, and Michael Brinkley represented an out-of-state buyer entering the Phoenix market in the transaction. The buyer specializes in the consolidation and growth of facilities in the senior living industry, bringing a higher quality of life to its residents.
The Healthcare Strategy Team established a relationship with the McFarlin Group, which had well-placed assets in their portfolio and was looking to exit the Phoenix market.
“Through our relationship with the McFarlin group we received two off-market opportunities,” said Sandau. “The first of the two facilities closed last year and involved a brain injury assisted living home acquiring Mariposa at Algodon for $18.5MM. The second opportunity, Mariposa Point of Surprise, marks this client’s first Phoenix market acquisition and we hope to continue the relationship.”
Mariposa Point of Surprise offers assisted living and memory care for seniors. Amenities of the facility include 2-bedroom apartments, free transportation services, in-house skilled nursing, community dining, off-site activities, and on-site hair salon and barber services. Additional features of the community include private and companion apartment living; internet lounge, living rooms and multiple social spaces; outdoor lounge spaces and walking trails; a community garden; and putting green.
Land Advisors Organization’s Healthcare Strategy Team provides services that include market analysis and strategy planning, site section, and acquisition and deposition of all existing healthcare property types.