Fresh off his sale of a stabilized seniors housing community in Fort Wayne, Indiana, Ziegler’s Nick Glaisner was joined by Dalton Esmond to arrange acquisition financing for a 72-unit assisted living/memory care community located in Footville, Wisconsin. St. Elizabeth Manor was built in 2009 on 7.07 acres. Occupancy was around 82%.
The seller was a group of local real estate owners seeking to retire from the industry. They were represented by Jason Punzel, Ryan Saul and Brad Clousing of Senior Living Investment Brokerage. Ziegler helped Opal Senior Living source acquisition financing from a small, regional, Chicago-based bank. Opal partnered with a Florida-based equity group on the deal.
