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Boston & New England  + New England  + Senior Housing  |  November 7, 2024
Paul Bubny
By: Paul Bubny

Continuum Brokers CCRC Sale in New Hampshire’s Lakes Region

Continuum Advisors, a national senior housing investment sales and advisory firm, facilitated the sale of Meredith Bay Colony Club, an 85-unit continuing care retirement community (CCRC) in Meredith, NH. The property was sold through a court-directed process for $11 million and the assumption of $10.5 million in resident entrance fee liabilities.

Financially strained for several years, the community was sold with OnePoint Partners serving as the rehabilitation trustee and Continuum Advisors’ David Kliewer and Jay Jordan retained to market the CCRC for sale. The buyer, Taylor Community, is a nonprofit owner and operator also based in New Hampshire’s Lakes Region.

Built in 2008, the 11-acre campus offers a full continuum of care for residents with 41 independent living apartments, 20 assisted living units, 24 memory care units and an additional 18+ acres of undeveloped land for future expansion. The campus features numerous amenities, including an underground parking garage, indoor pool and fitness center.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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