Daniel Geraghty, Bradley Clousing and Ryan Saul of Senior Living Investment Brokerage facilitated the sale of a seniors housing community in Saline, Michigan. The seller was a large, Michigan-based owner/operator. Built in 2012 and 2016, Linden Square Assisted Living Center comprises 109 assisted living and memory care units on 6.89 acres. Occupancy was around 72% and it was operating close to breakeven at the time of sale. The buyer is a regional owner looking to expand its portfolio across the state. The purchase price was not disclosed.
Regional Owner Acquires in Michigan
