Senior Living Investment Brokerage announced a slew of closings in the western United States, starting with a senior care campus in Douglas, Wyoming, in the rural eastern part of the state. Originally built in 1968, the skilled nursing portion (Douglas Care Center) was renovated in 2010, and the assisted living/memory care portion (Mountain Lodge) was added in 2018. The adjacent properties feature 74 units and 96 beds of assisted living, memory care and skilled nursing on nearly five acres. Occupancy was around 70%.
Its local mom & pop seller decided to retire and divested the campus to a Utah-based regional owner/operator expanding its presence in Wyoming. Vince Viverito and Jason Punzel handled the transaction.
Across the border in Colorado, Viverito and Dave Balow facilitated the leasehold interest sale for a skilled nursing facility in Denver. Forest Street Compassionate Care was built in 1977 with 60 beds and 16,867 square feet on less than an acre. The lessee was divesting their portfolio in order to retire and engaged SLIB to find a group that would take over the leasehold interest. They received multiple offers before selecting the one that was best aligned with the landlord and the lessee’s mission. The buyer is expanding their skilled nursing portfolio in Colorado.
Wrapping up the trio of transactions, Viverito and Punzel were joined by Brad Goodsell, Jake Anderson and Taylor Graham to sell an assisted living community in Washougal, Washington. The regional owner has been slowly divesting their portfolio to retire, and this is the second community that SLIB has sold for them.
Built in 2001 with an addition in 2009, Columbia Ridge has 70 units and 52,131 square feet on roughly three acres. Occupancy was strong at 88.5%. A newer regional owner/operator looking to expand its Pacific Northwest portfolio emerged as the buyer, for an undisclosed price.
