Passco Companies in conjunction with Greystone, has acquired a Class A Independent Living Community in Knoxville TN. Greystone provided the funding while Passco Companies will be the owner and asset manager. Trustwell Living will manage the property. The community is located at 1932 Falling Waters Road. Formerly known as Prime West Knoxville, it will be renamed and branded as Trustwell Living of West Knoxville. The 145-unit community was built in 2020 and is currently 98% leased, with a waitlist.
The three-story community is approximately 163,000 gross square feet and features a mix of spacious one- and two-bedroom units, with a fitness center, game room, theater, activities area, greenhouse, dog park, putting green, pickleball court, library, indoor pool, and dining room.
The community will feature a number of on- and off-site activities, which range from artistic endeavors to musical entertainment, Happy Hours, and spiritual pursuits. The property is adjacent to two nationally anchored shopping centers.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.