BWE Investment Sales Facilitates $40M Sale of Senior Housing Community Capstone at Centerra North of Denver

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Capstone at Centerra
The buyer is California based IRA Capital. IRA Capital is 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.

BWE Investment Sales, an affiliate of BWE, a national commercial and multifamily mortgage banking company, announced that it has successfully brokered the sale of Capstone at Centerra, an assisted living and memory care community in Loveland, Colorado. The community sold for $40M.

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.

Headquartered in Cleveland, Ohio, BWE Investment Sales focuses on representing buyers and sellers in the sale of commercial real estate properties across the country. With over five decades of collective experience the team has prolific experience within the housing sector market rate multi-family housing, affordable housing, manufactured housing, and seniors housing. BWE Investment Sales is an affiliate of BWE. BWE stands as a national, full-service commercial and multifamily mortgage banking company committed to elevating real estate financing. Putting clients’ goals first, our experienced and trusted advisors offer comprehensive capital solutions by combining enduring debt and equity relationships with unparalleled local market insights across our 40+ offices and national servicing platform.

Hunt Midwest is a Kansas City-based, privately held real estate development company with six decades of expertise in industrial, self-storage, residential, multifamily, and senior living communities, with more than $2.5 billion of developed projects in multiple geographic markets. Hunt Midwest leverages its reputation, resources, and relationships to create successful real estate solutions. Hunt Midwest is one of the pillars of the Lamar Hunt Family’s holdings, which include interests in real estate, sports/entertainment, energy/natural resources, and private equity. Other marquee brands include the Kansas City Chiefs, Chicago Bulls, FC Dallas, Hunt Southwest, and Trinity Hunt