The Community
SLIB facilitated the sale of Mattison Crossing, a 160-unit assisted living and memory care community in Freehold, a borough in central New Jersey. The purpose-built facility was built in 2001 and is situated on approximately eight acres. The Seller was a private equity partnership that had concluded their designated hold period for this asset. The Seller made extensive capital improvements to the community while stabilizing the operations.
The Process
Through a collaborative effort between multiple members of the SLIB team, this confidential process showcased the benefits of our collaborative approach to sourcing qualified offers from across the country.
The Result
SLIB procured multiple bids, ultimately selecting a Buyer, a publicly traded REIT, with an established footprint in New Jersey. The Buyer chose a prominent Northeast-based operator with whom they have a well-established relationship.
Mattison Crossing
The Community
SLIB facilitated the sale of Mattison Crossing, a 160-unit assisted living and memory care community in Freehold, a borough in central New Jersey. The purpose-built facility was built in 2001 and is situated on approximately eight acres. The Seller was a private equity partnership that had concluded their designated hold period for this asset. The Seller made extensive capital improvements to the community while stabilizing the operations.
The Process
Through a collaborative effort between multiple members of the SLIB team, this confidential process showcased the benefits of our collaborative approach to sourcing qualified offers from across the country.
The Result
SLIB procured multiple bids, ultimately selecting a Buyer, a publicly traded REIT, with an established footprint in New Jersey. The Buyer chose a prominent Northeast-based operator with whom they have a well-established relationship.
