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SLIB Arranges Sale of Five Communities Across Two Transactions

CHICAGO — Senior Living Investment Brokerage (SLIB), a Chicago-based brokerage firm, has arranged the sale of five communities totaling 440 units across two separate transactions.

In the first acquisition, SLIB arranged the sale of four communities in Kokomo, Ind.; Pueblo, Colo.; Stillwater, Okla.; and Cheyenne, Wyo. The assets total 351 units and the portfolio averages 87 percent occupancy.

The seller was a long-standing provider of seniors housing with a portfolio of over 30 communities. The buyer was a regional private equity group focused on the seniors housing space that aligned with a REIT partner to complete the transaction.

In the second transaction, SLIB facilitated the sale of a community in Central Florida. The asset features 89 units of independent living, assisted living and memory care and was 72 percent occupied at the time of marketing.

The seller was a Northeast-based real estate private equity company, and this asset was an operational outlier from the rest of its portfolio. The buyer was a regional owner-operator looking to add to its existing operations throughout Florida.

Further details on both transactions were undisclosed.

The post SLIB Arranges Sale of Five Communities Across Two Transactions appeared first on Seniors Housing Business.

Source: Senior Housing Business

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