June 22, 2016
Grant Kief

Seniors Housing Portfolio Sale

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Seniors Housing Portfolio Sale

Tom Rusthoven of Senior Living Investment Brokerage, Inc. recently represented a a regional owner operator with their Seniors Housing portfolio sale. The Pines Seniors Housing portfolio sale was a total of 9 Assisted Living and Memory Care Communities located in Detroit’s northern suburbs and extended communities. The total Seniors Housing portfolio sale consisted of 188 licensed units offering quality care to their respective, local communities. The Assisted Living and Memory Care Communities were built between 2005 and 2015. The purchase price was $30,800,000 or $162,000 per unit.

Professional Representation

Tom Rusthoven was able to procure multiple, qualified offers on the Assisted Living and Memory Care portfolio on the Sekker’s behalf. The Seller was a local regional owner operator with an eye on taking advantage of the current, aggressive capital markets. The Buyer selected, is a West Coast based national REIT that partnered with an East Coast operator. Both national entities are currently expanding their presence in Michigan. Tom was able to introduce them to their first acquisition in the state.

Confidential Sale

Throughout the Seniors Housing portfolio sale, Senior Living Investment Brokerage, Inc. was able to keep the transaction confidential to preserve the reputation of the facilities with the staff and within their respective markets.

Additional Information

For additional information on this Seniors Housing Portfolio Sale or other confidential opportunities currently available, please contact Tom Rusthoven of Senior Living Investment Brokerage, Inc. at rusthoven@slibinc.com or 630/858-2501