Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Phoenix & Southwest  + Phoenix  + Senior Housing  | 
Park Terrace Senior Living 301 Units Sold to Roxborough, Link Senior

Senior Housing Project Changes Hands in Phoenix

The 15.3 acre Park Terrace Senior Living was purchased by the duo of Link Senior Development and The Roxborough Group. The price was not disclosed. The two owners say they will inject $3 million of enhancements into the 301-unit independent and assisted living community. Roxborough’s Matthew McCormick likes the senior space going forward, “Changing demographics and an on-coming. “silver tsunami” create a unique opportunity to acquire communities well below market replacement cost with favorable trends.”

Park Terrace features expansive outdoor areas including a pool, putting green, walking paths and a tennis court.

The facility is Link’s eighth senior living project in Arizona. It’s Roxborough’s first in the senior/assisted living category in Phoenix, however it has three other building investments in Arizona. It runs Roxborough Fund III, a diversified investment fund focused on value-add investments.


Inside The Story

Matthew McCormick

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition