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Alberta seniors’ housing portfolio sells for $440 million

Vancouver-based Optima Living and Axium Infrastructure, Montreal, acquired seven seniors' residences in Alberta with a total of 1,200 beds in an off-market deal.
Optima Living, Vancouver, for Western Investor
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One of seven assets in portfolio. Optima Living, Vancouver, for Western Investor

Property type: Retirement residence portfolio

Number of buildings: 7

Locations: Laurel Heights Retirement Residence, Lewis Estates, MacTaggart Place and Rutherford Heights, all in Edmonton. St. Albert Retirement Residence, St. Albert; Summerwood Village, Sherwood Park; and Sage Hill Retirement Residence, Calgary.

Number of units: 1,200 (total)

Type of deal: Off-market

Price: $440 million.