Haven Senior Investments facilitated the sale of a seniors housing community in Eastern Illinois. Willowbrook Senior Living was founded by a memory care specialist and registered nurse, with the community being designed with the needs of memory care residents in mind. Two Willowbrook buildings comprised of 24 units in Marshall were included in the transaction and will be rebranded as Willowbrook – Horizon Health, following not-for-profit Horizon Health’s entry into the seniors housing space. One of the buildings will be repurposed for medical offices and the other will continue to serve memory care residents. The local seller as operator is assisting with the transition as Horizon steps into seniors housing.
Robin Gestal of Haven handled the transaction. Haven has a long-standing relationship with the seller, which over the years has been slowly working to divest its portfolio in preparation for retirement. Haven Senior Investments’ clients are primarily owner/operators who have put their life’s work into caring for seniors, motivating Haven to want to help them in return. The purchase price for this community was $2.4 million.
