Home Industries Real Estate Glendale assisted living community sold for $17.4 million

Glendale assisted living community sold for $17.4 million

By
Hunter Turpin
-
Image from Heartis Village North Shore

An assisted living facility in Glendale has been sold for $17.4 million, according to state property records. Known as Heartis Village North Shore, the 105-unit assisted living community was built by Chicago-based Pathway to Living in 2019 at 100 W. River Woods Parkway. The property was acquired by an affiliate of Chicago-based investment firm Ventas.

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Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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An assisted living facility in Glendale has been sold for $17.4 million, according to state property records. Known as Heartis Village North Shore, the 105-unit assisted living community was built by Chicago-based Pathway to Living in 2019 at 100 W. River Woods Parkway. The property was acquired by an affiliate of Chicago-based investment firm Ventas. The firm owns more than 800 senior living communities nationally, including several in southeast Wisconsin, as well as other medical office buildings. It was sold by a Dallas-based entity called Heartis North Shore Partners LP. Heartis Village North Shore offers 71 assisted living units ranging from studios to two bedrooms and 34 memory care studios, according to its website. Assisted living apartments start at $5,450 a month. The 12-acre property has a 2023 assessed value of $10.8 million, according to Milwaukee County records.

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