Built in 2015, the community offers 120 assisted living and memory care units across 100,000 square feet.
Walker & Dunlop provided $14.1 million in acquisition financing for the 161-unit property in Olathe, Kan.
The seller purchased the 342-unit portfolio in 2017 from GoldOller Real Estate Investments.
Even as deal velocity has slowed nationwide, one market’s volume through October picked up by nearly 50 percent compared to last year.
The affiliate of Thompson Thrift completed the 276-unit luxury community in Northland last year.
Newmark Knight Frank provided a $43.5 million Fannie Mae loan to the new owner.
The property comprises 65 apartments and 10,000 square feet of Class A office space.