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Colliers International announces the sale of a 15,610 square foot assisted living facility in Houston, Texas

Assisted Living Facility Sale.

Colliers International is pleased to announce the sale of a 15,610 square foot assisted living facility located at 7741 Tanglewilde Street in Houston, Texas. The buyer, Ocean 4 LLC, was represented by Richard Copeland of Keller Williams Commercial. Elena Bakina, PhD, CCIM of Colliers International represented the seller, Best Personal Care LLC, in the transaction.

7741 Tanglewilde_EB


Best Personal Care, LLC is a Type A behavioral health assisted living facility that provided care to residents with mental disorders and adults with special needs. The three level building is located in Southwest Houston. It has forty-six licensed beds. Ocean 4 LLC plans to transfer the license and continue the legacy of BPC by providing a safe and friendly environment to their residents.

Houston’s Seniors Housing Majority Assisted Living sector is currently 81% occupied. The average monthly rental rate is $5,063, which is growing by 2.2% annually.

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Elena Bakina

Senior Vice President

Houston - The Woodlands

Elena's area of expertise is in the healthcare and senior housing sectors of real estate. She also has experience in corporate office, life science, retail, land transactions and investment sales. Her clients include physicians, multispecialty groups, hospitals, developers, senior housing operators and owners in addition to private investors. Prior to joining Colliers in 2014, Elena was a Senior Healthcare Real Estate Advisor with Coldwell Banker Commercial Healthcare Services Group. Elena's past career as a cancer research scientist with the world’s best cancer centers and research institutions has led her to choose her core areas of specialization. Being actively involved with the healthcare industry through the American College of Healthcare Executives (ACHE) and the Medical Group Management Association (MGMA), helps her to stay updated with the needs of this industry and to better serve her clients.

The most rewarding part of her job is developing relationships with clients and gaining their trust and confidence as their real estate advisor. In regards to real estate transactions, what she enjoy most of all is research, analysis and negotiations.

Prior to moving to the Houston area, Elena lived in many Asian and European countries, which helped her develop a deep understanding of various cultures. Elena enjoys serving Houston’s multicultural community. She  also attended EXPO REAL in Germany several times to promote acquisition opportunities to foreign markets.

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