2 retirement communities in Benton County sell for $41 million

Retirement communities totaling 208 units in Bentonville and Rogers recently sold for a combined $41.06 million. The purchase price equals $197,408 per unit.

Chicago-based retirement community owner Ventas Inc. bought 107-unit Village on the Park Bentonville on 18.71 acres at 3800 S.W. Mt. Carmel Drive in Bentonville and 101-unit Village on the Park Rogers on 14.2 acres at 2200 W. Laurel Ave. in Rogers. The separate purchase prices were $22.63 million and $18.42 million, respectively.

The sellers were Chicago-based investment management firm Harrison Street Asset Management and Houston-based retirement community developer Bridgewood Property Co. According to a news release, Berkadia Seniors Housing & Healthcare, a company of New York-based real estate services provider Berkadia, closed the deal on behalf of the sellers. Bridgewood management company The Aspenwood Co. will continue managing the property for Ventas.

Ventas is an S&P 500 real estate investment trust that owns and manages healthcare and senior housing properties across the United States, Canada and the United Kingdom.

In the first quarter of 2026, Ventas’ revenue rose by 22% to $1.65 billion from $1.35 billion in the same period last year. Earnings increased by 19.3% to $55.91 million from $46.86 million.

In 2025, revenue rose by 18.47% to $5.83 billion from $4.92 billion in 2024. Earnings increased by 209.76% to $251.38 million from $81.15 million. Shares of Ventas (NYSE: VTR) were trading Friday (May 8) at $87.69, up $1.14 or 1.32%. In the past 52 weeks, the stock has ranged between $61.76 and $88.50.

In its recent earnings release, Debra Cafaro, Ventas chairman and CEO, attributed the company’s growth to its senior housing portfolio and occupancy gains.

“As the nearly 70 million baby boomers begin turning 80 in 2026, we expect durable demand for our attractive senior housing communities located in favorable markets to increase and provide a sustainable growth and value creation opportunity for Ventas,” Cafaro said. “We continue to make additional investments focused on senior housing that should further increase our enterprise growth rate. We have increased our 2026 investment volume expectations to $3 billion reflecting our strong market momentum, clear competitive advantages and large, active pipeline of senior housing investment opportunities.”

The retirement communities Ventas recently acquired in Bentonville and Rogers are about 10 miles apart and offer independent living, assisted living and memory care services. Each community has contiguous land for expansion.

Originally Mt. Carmel Community developments, the Rogers community opened in 2015, and the Bentonville community opened in 2018. Harrison Street Asset Management and Bridgewood Property paid $37.96 million for the communities in May 2018. The seller was Mt. Carmel Community of Benton, led by founder Jimmy Elrod.