Ray Giannini of Marcus & Millichap sold a senior care campus in Wisconsin for $14 million, or about $80,500 per bed. Located on the Illinois border in Beloit, the property features 120 skilled nursing and 54 assisted living beds. The SNF was well occupied but with a high Medicaid census, while the assisted living was all private pay. It benefits from a good local reputation and its proximity to retail shopping areas. The new owner was not disclosed.
Giannini Gets It Done in Wisconsin
