An owner/operator is exiting the industry, selling its last seniors housing property in Burlington, Iowa, with the help of Ryan Fleming, Eric Bell, Mark Myers, Joshua Jandris and Charles Hilding of Marcus & Millichap. Located on the Mississippi River about 80 miles southwest of Davenport, this 36-unit assisted living community was built in 1999 on 3.2 acres. It was 83% occupied at the time of the sale, and sold for $3.7 million, or $102,778 per unit, to a private regional owner/operator.
Iowa outta here
