Starting 2018 off strong, Brian Clark of Heavenrich & Company sold two small memory care communities in Loveland, Colorado. This wasn’t the first deal Heavenrich & Company has handled on behalf of the family-run seller, having previously sold their communities in New Mexico. This Loveland deal featured two adjacent communities purpose built in 2010 and 2015. Each operated as a stand-alone family-run community and featured 20 units and 40 beds, combining for 80% occupancy based on units. Madison Realty Companies emerged as the buyer, paying $8.44 million, or about $210,000 per unit, for the communities, with an 8.9% cap rate.