Brookdale, HCP joint venture pays $123M for three Gulf Coast communities

MULTI-COUNTY TRANSACTION
Brookdale, HCP joint venture pays $123M for three Gulf Coast communities

BUYER: CCRC Propco-Bradenton LLC (officers: Lauralee Martin, Matthew Brill, Christine Garvey, James MeArcer, Michael McKee, Brian Cartwright, Peter Rhein, Joseph Sullivan and Brian Maas), Irvine, Calif.
SELLER: Freedom Village of Bradenton LLC
PROPERTY: 6501 17th Ave. W., additional properties along the 6000 block of 17th Ave. Court West, and 6404 21st Ave. W., Bradenton
PRICE: $53 million
PREVIOUS PRICE: $85 million, May 2006

BUYER: CCRC -Regency Oaks LLC, Chicago, Ill.
SELLER: Regency Oaks LLC
PROPERTY: 2701 and 2720 Regency Oaks Blvd., Clearwater
PRICE: $31.89 million
PREVIOUS PRICE: $26.88 million, February 2003