Sold: 60 Bed Memory Care Portfolio in Minnesota, $7,000,000
UPDATE: This offering sold on December 22, 2015 for $6,500,000.
Senior Care Realty is confidentially offering for sale two 30 Bed assisted living facilities specializing in Alzheimer’s and memory care in Minnesota.
As usual, this is a confidential sale and our website listing doesn’t include much information.
To learn more, just click on the link below, fill out the form indicating agreement with our confidentiality agreement, and click submit. You’ll have a response from Senior Care Realty in no time.
For now, here’s what we can tell you.
The facilities specialize in memory care with a unique program and facilities. Occupancy was recently at 85% but trending upward, and average monthly resident fees were about $4,800. The facilities are in two nearby communities, offering economies of scale and some staff sharing.
The properties are being offered at a price of $7,000,000.
These attractive and newer properties may be a great addition to your own portfolio.
For More Information
Bob Richards is the manager of this project. Contact Bob by email at email@example.com or by phone at 608-825-4200.
Please click here to review our confidentiality agreement, which is required for more information. Thanks.