Senior Living Property Flips for $62M | Hartford News

A major real estate play just hit Westport: American Healthcare REIT paid over $68 million for The Residences at Westport, a brand-new senior living facility built in 2019. That’s nearly seven times the property’s original purchase price by LCB Senior Living just two years prior — turning a $5.9M investment into a $62M profit. With a tax-assessed value of just $23.8M, the sale underscores how fast senior housing values are surging — and why big investors are racing to grab stakes in this booming sector.

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