Senior Living Community Sells for $17M

SAN ANTONIO, TX-Kisco Senior Living has entered Texas with the $17.2-million acquisition of Villa de San Antonio, a senior living community that it purchased out of bankruptcy in an all-cash transaction.

Chicago-based Franciscan Communities owned and operated the community, which is located at 8103 North Hollow. The non-profit had $36 million worth of bonds on the property, which totals 233,000 square feet and offers 138 independent living apartments and 55 assisted living apartments in a single-building, along with 24 separate cottage homes. The acquisition also included two adjacent acres for future expansion.