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Greystone Wraps Up Alta Manor Senior Deal

ROSEVILLE, CA–Greystone Real Estate Advisors closed the sale of Alta Manor senior community with DiNapoli Capital Partners of Walnut Creek, CA acquiring the property for $16.55 million.

By Lisa Brown | Updated on April 29, 2015

ROSEVILLE, CA–Greystone Real Estate Advisors closed the sale of the Alta Manor senior community with DiNapoli Capital Partners (DCP) of Walnut Creek, CA acquiring the property for $16.55 million or $192,442 per unit from an independent owner. Alta Manor comprises 86 units, 60 of which are designated for assisted living residents and 26 of which are designated for memory care/dementia residents. The community expanded from 70 units when it was originally built in 2008 and is now more than 70% occupied.

Community amenities at the facility located at 930 Oak Ridge Dr., northeast of Sacramento, include landscaped gardens and courtyards, a scenic nature trail, library, lounge, private banquet room and beauty salon. Floorplans range from single, deluxe, deluxe private and villa standard configurations, all including one bedroom and one bathroom.

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