A not-for-profit assisted living community in Georgetown, Indiana is set to sell to a for-profit owner at the end of this year. Few details were released, but we learned that Senior Living Investment Brokerage was involved in the sale. A New Jersey-based firm, with Joseph Glatzer serving as one of the principals, was revealed as the buyer.
The community opened in 2008 under the ownership of Providence Self Sufficiency Ministries, providing “small house” senior care services. Each 7,100-square-feet villa contains 10 private bedrooms, private bathrooms, a large living room with fireplace, an open kitchen and dining room, a therapeutic spa, a den, a patio/garden and a small office that replaces the nursing station and is used by visiting clinical staff. We hope to have more details on this deal in the next issue of The SeniorCare Investor.
