A senior citizen residential complex in the East Bay has been bought for more than $20 million.
SAN RAMON — A senior citizen residential complex in the East Bay has been bought by a real estate investment group from the Midwest in a deal that tops $20 million.
Ohio-based Welltower invests in healthcare-related real estate, including properties that provide services or residential communities for senior citizens. The Watermark is located at 12720 Alcosta Boulevard in San Ramon, a few blocks from San Ramon Regional Medical Center. Despite a forbidding Bay Area real estate landscape, investors continue to find value in properties other than office buildings.
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