Former Salvation Army Senior Housing Facility In Contract for $165M

Wafra Capital Partners, an affiliate of Kuwait’s sovereign wealth fund, has entered into contract to purchase 720 West End Avenue for about $165 million. Seller The Salvation Army formerly used the 16-story building as a 352-unit senior housing facility, which has since been vacated and gutted. Although plans have yet to be announced by the contract vendee, some potential uses considered by bidders included a conversion into condos and a senior housing facility.