Watermark retirement facility sold to investor group
The Watermark at Logan Square retirement complex was acquired earlier this month for $65.3 million by a company identified as SNR 21 Logan Square Owner, according to city records.
The Watermark at Logan Square retirement complex was acquired earlier this month for $65.3 million by a company identified as SNR 21 Logan Square Owner, according to city records.
The buyer shares a Texas address with Fortress Investment Group in a related document filed with the city. Watermark Logan Partners sold the property to SNR 21.
Fortress spokesman Gordon Runte and Watermark spokeswoman Jill Hofer did not return calls seeking comment.
The Watermark has 464 rental apartments and assisted-living units, according to the property's website. It last sold for $25 million in 2006.
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