BWE Investment Sales, an affiliate of BWE, a national commercial and multifamily mortgage banking company, has successfully brokered the sale of Capstone at Centerra, an assisted living and memory care community in Loveland. The community sold for $40 million.
The buyer is California-based IRA Capital. a leading private equity firm focused on alternative investments. The transaction was an all-cash sale, BWE is working with the buyer to procure financing post-sale.
Charley Bissell, BWEIS senior vice president, and Tony Hong, vice president, represented the seller Hunt Midwest, a Kansas City-based real estate development company. The 102-unit community, which was constructed in 2023, was 88% occupied when the sale was negotiated and 95% occupied at closing. Integral Senior Living, which has operated the facility since its opening, will continue to do so under new ownership.
Capstone at Centerra has 56 assisted living units and 46 memory care units. Located in the heart of Loveland’s Centerra master-planned development, the location offers easy access to nearby shopping, dining, and healthcare facilities, including the Medical Center of the Rockies and McKee Medical Center.
Residents enjoy spacious, well-appointed floor plans, including studio, one-bedroom, and two-bedroom options, all featuring modern finishes such as granite countertops, stainless steel appliances, and high-quality flooring. The community includes a full-service dining room, a fitness center, and beautifully landscaped outdoor spaces for relaxation and socialization. Additional amenities include a salon, library, game room, and scheduled transportation services, ensuring that residents have everything they need for a fulfilling and engaging lifestyle.
Since 2010, Hunt Midwest has developed 850 assisted living and memory care residences at its Capstone and Benton House branded communities across five states, including Colorado, Florida, Missouri, Kansas, and Tennessee.
