Sometimes an operator can stretch a bit too far geographically, or otherwise, and end up with a property that just doesn't fit anymore. That was the case with this assisted living facility in northern Minnesota that was hours away from the previous owner's other facilities. Senior Care Realty's Bob Richards had been working with the owner on the sale of a larger portfolio (which is available - contact Bob for details) and it became clear that this single property needed to be spun off to make the rest … [Read more...]
Senior Care Realty Announces Sale of Iowa Portfolio
A family business in western Iowa was ready to make a change in their lifestyle and decided to sell their assisted living facilities. The four facilities were located in three communities in northwestern Iowa with the first built in 2005 and the newest built in 2016. The portfolio had a total capacity of 162 residents with 123 resident units. Senior Care Realty's Mark Van Den Broeke made contact with the sellers while they were considering their options for the future. The sellers were concerned … [Read more...]