Cushman & Wakefield Senior Housing Capital Markets Group is pleased to announce the sale of the Town Village Portfolio, a four property, 818-unit portfolio that caters to independent living residents in Birmingham, AL; Tulsa, OK; Memphis, TN and Sterling Heights, MI. Cushman & Wakefield acted as exclusive advisor to a joint venture comprised of Garrison Investment Group, Grand Park Capital Management and Focus Healthcare Partners LLC.

The Cushman & Wakefield team included Executive Managing Director Richard Swartz, Managing Director Jay Wagner, Senior Director Aaron Rosenzweig and Director Timothy Hosmer.

Cushman & Wakefield’s Jay Wagner noted: “The Town Village Portfolio includes strong performing properties in durable markets, combined with an opportunity to provide additional care for residents by constructing assisted living or memory care, benefitting both the residents and investors.”

About Cushman & Wakefield

Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917 it has 253 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com.