After running an assisted living/memory care community in Lockport, New York (Rochester MSA), for over three generations, a family has decided to divest and exit the industry. They engaged Dave Balow, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage to sell the asset.
Built in 1982 and 1988, with a memory care expansion in 2017, Briarwood Manor features 160 licensed Assisted Living Program (ALP) beds in 113 units. It was well maintained over the years and competes directly with the upper-end private pay communities in the area. However, it was just 44% occupied based on 158 operational beds, and the community was losing around $750,000 on $3.5 million of revenues.
SLIB marketed the community in early 2025 and sourced a private real estate investor to buy it for $8.1 million, or $50,600 per bed and $71,700 per unit.
