Bradley Clousing, Patrick Byrne and Ryan Saul of Senior Living Investment Brokerage, Inc. recently sold a 195 Unit Continuing Care Retirement Community in north St. Louis County. The 195 Unit/143 Bed CCRC Sale consists of 110 Independent Living Units, 22 Assisted Living Units, 22 Memory Care Units and 41 Skilled Nursing Beds. The asset, built in 1984, 2003 and 2013, was well maintained although the general aesthetic is a bit dated. The Seller is a faith based non-profit which exclusively operates entrance fee communities. The Buyer will focus on rolling back the inflated expenses/benefits. The overall occupancy at the time of sale was 89%. For additional information, please contact Senior Living Investment Brokerage, Inc. at 630/858-2501 or 314/961-0070.
