Jason Punzel, Dave Balow and Brad Goodsell of Senior Living Investment Brokerage facilitated the sale of a seniors housing community in Rochester, New York. Built in 2016, the all-private pay assisted living and memory care community features 78 units on 6.22 acres. Performance improved over the course of the transaction, which helped with securing financing. The seller is a public, non-listed REIT focused on seniors housing properties throughout the U.S.
There were multiple offers, with SLIB recommending the ultimate buyer, a private real estate investment firm, due to their ability to navigate the complex New York CHOW process and transact on a desirable timeline (a sometimes-tough ask in the state of New York). The buyer will engage a New York-based operator.
