{"id":1004120341,"date":"2015-05-29T07:23:45","date_gmt":"2015-05-29T15:23:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=351179"},"modified":"2020-05-11T02:21:17","modified_gmt":"2020-05-11T10:21:17","slug":"retirement-complex-sold-for-62-million","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/retirement-complex-sold-for-62-million\/","title":{"rendered":"Retirement Complex Sold for $62 Million"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

Watermark Retirement Communities, a senior living company based in Tucson, AZ, sold one of its retirement communities in center City Philadelphia.<\/p>\n

\"The<\/a><\/p>\n

The Watermark at Logan Square<\/p>\n<\/div>\n

According to property records cited by the Philadelphia Inquirer<\/a><\/em>, The Watermark at Logan Square changed hands earlier this month for nearly $62.3 million. The buyer was identified as SNR 21 Logan Square Owner.<\/p>\n

Completed in 1984, the retirement community is located at Two Franklin Town Blvd. in Philadelphia\u2019s Logan Square neighborhood. The property consists of 264 rental apartments for seniors as well as 200 assisted living units in a mix of personal care, memory care, and rehabilitation units. The 23-story building also incorporates a fitness center, restaurant, caf\u00e9, spa center, and below-ground parking garage.<\/p>\n

PropertyShark<\/a> data indicates that the 420,000-square-foot asset was purchased by Watermark Retirement Communities for $25 million in fall 2006.<\/p>\n

Image courtesy of Watermark Retirement Communities<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Watermark Retirement Communities, a senior living company based in Tucson, AZ, sold one of its retirement communities in center City Philadelphia.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004120341","post","type-post","status-publish","format-standard","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"\nRetirement Complex Sold for $62 Million - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/retirement-complex-sold-for-62-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retirement Complex Sold for $62 Million\" \/>\n<meta property=\"og:description\" content=\"Watermark Retirement Communities, a senior living company based in Tucson, AZ, sold one of its retirement communities in center City Philadelphia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/retirement-complex-sold-for-62-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-29T15:23:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T10:21:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/05\/LoganSquareTownCenter5.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retirement-complex-sold-for-62-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retirement-complex-sold-for-62-million\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Retirement Complex Sold for $62 Million\",\"datePublished\":\"2015-05-29T15:23:45+00:00\",\"dateModified\":\"2020-05-11T10:21:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retirement-complex-sold-for-62-million\\\/\"},\"wordCount\":149,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retirement-complex-sold-for-62-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/LoganSquareTownCenter5.jpg\",\"articleSection\":[\"News\",\"Philadelphia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retirement-complex-sold-for-62-million\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retirement-complex-sold-for-62-million\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retirement-complex-sold-for-62-million\\\/\",\"name\":\"Retirement Complex Sold for $62 Million - 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