Ryan Saul and Nick Cacciabando sold a 100 Bed Skilled Nursing/20 Bed Assisted Living Community in Colorado Springs. The property was originally built in 1892 for members of the International Typographical Union and included two dormitory buildings that had been shuttered for many years. Built to service union members, the census had decreased to only a handful of members. The not-for-profit board made the decision to sell since the building(s) were not serving their original purpose. The Buyer is a group of individuals with plans to invest in the physical plant, increase the Medicare census and cut expenses. Senior Living Investment Brokerage, Inc. was able to procure several offers for this non-traditional property.
