The Community
SLIB facilitated the sale of Mountain Lakes in Reno, Nevada on behalf of a regional operator based in the Western United States. This community was built in 2020 and consisted of 131 independent living units.
The Process
The confidential marketing process qualified offers from a variety of traditional senior housing owner/operators as well as private equity, REITs, etc. Despite being opened during COVID, the community leased up quickly, which was a testament to the quality of the construction and the operator.
The Result
This transaction showed the depths of SLIB’s national coverage as the Buyer was a private equity company based in New York that specializes in active adult and independent living facilities.
Mountain Lakes
The Community
SLIB facilitated the sale of Mountain Lakes in Reno, Nevada on behalf of a regional operator based in the Western United States. This community was built in 2020 and consisted of 131 independent living units.
The Process
The confidential marketing process qualified offers from a variety of traditional senior housing owner/operators as well as private equity, REITs, etc. Despite being opened during COVID, the community leased up quickly, which was a testament to the quality of the construction and the operator.
The Result
This transaction showed the depths of SLIB’s national coverage as the Buyer was a private equity company based in New York that specializes in active adult and independent living facilities.
