"A publicly traded real estate investment trust with more than $32 billion in assets bought Carlton Hollow Apartments, a 126-unit senior citizen complex in Saratoga County.
Welltower Inc. (NYSE: WELL) of Toledo, Ohio, paid $23 million for the apartment complex at the corner of Northline Road and Greenfield Avenue in the town of Milton, according to a deed filed Jan. 6 in the county clerk's office.
Carlton Hollow was sold by Amedore Group of Albany and Sunrise Management & Consulting in Latham.
They teamed up to build the market-rate apartments for people aged 55 and over. The total cost was about $20 million, according to Jesse Holland, president of Sunrise Management.
Construction was completed around January 2020.
The one- and two-bedroom apartments, ranging from 990 square feet to 1,240 square feet, lease for $1,450 to $1,795, according to Apartments.com."
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