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Granite Affiliate Sells Austin-Area Properties

AUSTIN--Granite Investment Group, through an affiliate, has sold two senior housing properties near Austin for $23.4 million.

By Anna Caplan | Updated on May 12, 2015

AUSTIN–Granite Investment Group, through an affiliate, has sold two senior housing properties near Austin for $23.4 million.

“In general, there is significant demand for senior housing throughout the United States as a result of the rapid aging of the population,” Jason Price, senior vice president of Seniors Housing with Granite Investment Group, told GlobeSt.com. “Market demand for these specific properties was particularly attractive and afforded us an excellent time in the investment cycle to sell these assets on behalf of our investors.”

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