An entity linked to Kohlberg Kravis Roberts & Co. acquired the Watermark at Morrison Ranch senior living property in Gilbert for $52.3 million on Dec. 18, according to commercial real-estate website vizzda.com.
It has rebranded as Cogir of Morrison Ranch as a result.
The seller was an entity associated with PGIM Real Estate. The transaction included a $2 million down payment and a $33.995 million Freddie Mac loan originated through Jones Lang LaSalle. The loan matures Jan. 1, 2036…