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Granite Investment Group announced today that, through an affiliate, the company has sold two senior housing properties near Austin, Texas, for $23.4 million.
Granite Investment Group announced today the company recently acquired a 48-unit assisted living facility in the Kansas City suburb of Shawnee, Kansas. The transaction was completed at an all-in cap rate of approximately 8.4 percent and features a long-term bond net lease that expires in 2030.