Newmark Grubb Knight Frank announced that Karl Abert, Sally Schwenn and Brad Pickering of the Newmark Grubb Knight Frank Multi-family team, represented the seller, STAZ, LLC. in the sale of a 196-unit senior living community at 1825 W. Emelita Rd. in Mesa.

Built in 1978, it underwent a $3M renovation in 2010. The community sits on a 5.10-acre lot with mature landscaping, a pool and sitting and gathering areas.

The buyers, Senexus BV, LLC, bought the property for $10.3M. They were represented by Hendricks & Partners.