Thursday, February 28, 2013

Juniper Communities Purchases Two Health Care Communities in Lancaster

Juniper Communities LLC, a New Jersey-based company dedicated to senior living facilities, added two new communities to its portfolio of 18 long-term care communities. The Bricker Group sold the two properties for $18.575 million, or about $124 per square foot. 

The two new locations are 607 Hearthstone Ln. in Mount Joy, PA and 1125 Birch Rd. in Lebanon, PA. The communities have been renamed to Juniper Village at Lebanon and Juniper Village at Mount Joy. Combined there are 184 units with 144 being used as assistant living, the other 40 are independent living units. 

Juniper Village at Lebanon is a 104,447-square-foot facility located on 15.9 acres that delivered in 1996 and offering 162 parking spaces. Juniper Village at Mount Joy is a 46,890-square-foot facility located on 1.1 acres delivered in 2000 and offering 47 parking spaces.

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