Senior Living Investment Brokerage facilitated the sale of a seniors housing community in Taylorsville, Utah on behalf of a REIT. The REIT was divesting to focus on its core markets within its portfolio. Vince Viverito and Brad Clousing handled the transaction.
Built in 1975 and renovated in 1995 and 1996, Truewood Taylorsville features 106 assisted living units and 112 beds, sitting on four acres across 68,970 square feet. It is uniquely positioned in the market to offer affordable living for seniors. The buyer is a private owner growing its portfolio in the state. It intends to expand the Medicaid New Choices Waiver program at Truewood and leverage some of its operator’s local programs to boost operations.
