A not-for-profit organization took over ownership of an assisted living/memory care community in Minnesota from a private equity firm seller. There’s a headline that falls out of the narrative of The New York Times. Senior Living Investment Brokerage’s Jason Punzel, Vince Viverito, Brad Goodsell and Jake Anderson represented the PE firm, which was selling a geographic outlier in its regional portfolio.
Diamond Willow Assisted Living & Memory Care was built in 2006 in the town of Alexandria, located in between Minneapolis and Fargo, North Dakota. It offers 26 beds in 20 units on a three-acre campus. The not-for-profit buyer was aiming to expand its presence in Minnesota, both in terms of added beds and the memory care licensure. No other details were disclosed.
