Golden West sells Flatirons Terrace for $20 million

BOULDER — Nonprofit senior-housing provider Golden West Communities Inc. has sold Flatirons Terrace, a three-story, 54-unit independent living facility in Boulder, to Harrison Street Real Estate Capital, a Chicago-based private-equity firm, for $20 million, according to public records.

Flatirons Terrace at 930 28th St. will be managed by Dial Communities, a family-owned senior-living company founded in 1999, which operates 17 communities in Illinois, Iowa, Kansas, Nebraska and now, Colorado.

Flatirons Terrace was 95 percent occupied at the time of the transaction.

In a statement issued in January announcing the pending sale, Golden West’s president and…