CN Investments Announces Sale of Waverly Gardens to The Integra Companies
February 21, 2005 CN Investments Announces Sale of Waverly Gardens to The Integra Companies On February 9, 2005, CN Investments, LLC, an affiliate of Cambridge Realty Capital Companies, announced the sale of 80% of Waverly Gardens senior living community to its partner, The Integra Companies. Financial details were not disclosed. In June 2002, both CN Investments and Integra Companies acquired Waverly Gardens for $3.3 million. At the time of purchase, Pacific Life Insurance Company owned the property. Occupancy reached 93% in November 2004. Waverly Gardens has 126,449-square-feet of net rental space in eight single-story buildings . . .