Brad Clousing of Senior Living Investment Brokerage sold a pair of senior living communities, one vacant and one well occupied, in the Southeast. First, in Ormond Beach, Florida, was a 36-unit purpose-built (but empty) memory care community. Despite that, the community was well maintained, and the buyer, citing strong occupancy of other communities in the area, intends to re-open it. And second, Mr. Clousing sold a 32-unit assisted living community in Prattville, Alabama. Historically well occupied, the community is located on a 4.5 acre site that allows for expansion of the physical plant. So there is opportunity at both locations for the undisclosed buyer.
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