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Senior Resource Group Buys Two Distressed Properties

PHOENIX-The firm acquires two bank-owned properties: the 190-unit La Siena in Phoenix and the 205-unit Villa Hermosa in Tucson.

By Jennifer Duell Popovec | Updated on October 18, 2010

PHOENIX-Senior Resource Group LLC has acquired two bank-owned properties: La Siena in Phoenix and Villa Hermosa in Tucson. The seniors living communities, both of which were developed by Opus West Corp. and opened in 2008, were sold for an undisclosed amount.

La Siena, located in North Central Phoenix, is comprised of 190 units, and Villa Hermosa, situated within the Sonoran Desert Valley in Tucson, offers 205 units. The two properties expand SRG’s portfolio to seven communities in Arizona.

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