Assisted-living apartments sell for $15.3 million

GREELEY – The Meadowview of Greeley assisted-living apartments have been sold for $15,250,000 to Legend Senior Living based in Wichita, Kan., according to public records.

The 71-unit apartment building at 5300 29th St. in Greeley was sold by an ownership group led by investor Mik Pietrzak to Den Alf 2 LLC, an entity that was created by Legend Senior Living and registered with the Colorado Secretary of State’s office in late March. It will operate as Meadowview of Greeley Premier Senior Living and offer assisted-living and memory-care services.

Legend Senior Living is a privately held seniors housing and services company founded in 2001 by Tim Buchanan.

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Legend Senior Living owns and operates 20 residences representing more than 1,000 units of independent living, assisted living, memory care and nursing services in Kansas, Oklahoma and Florida, according to Legend’s website.

A spokeswoman declined to comment further, saying the Legend will release a statement Friday.