Granite sells two Texas senior housing facilities

Granite Investment Group announced it sold two senior housing properties near Austin, TX, for $23.4 million.

The first property, Park Place Care Center and Assisted Living, is located in Georgetown and includes a 116-bed skilled nursing facility and a 48-bed assisted living facility. Park Place also has designated common areas for the residents, as well as private and semi-private rooms, activity directors, and an order-by-menu dining program. Rehabilitation services and spiritual care also are offered.

The second facility is Pflugerville Care Center in Pflugerville, TX. It includes a 111-bed skilled nursing facility, and provides short- and long-term rehabilitation care. Facility features include two therapy gyms and gardens, and tracheotomy, intravenous care and wound care.

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