Christian Community Homes, a regional not-for-profit, added to its western Wisconsin portfolio with the acquisition of a 32-unit independent living community in Osceola for $2.7 million, or $84,400 per unit. Mark van den Broeke of Senior Care Realty handled the transaction on behalf of the family operator that had originally developed the community in 2000. Featuring all private units, the community was 88% occupied and operated at a strong 40% margin. It was the only property owned by the family, which exited the industry with this sale. Christian Community Homes, which owned another skilled nursing/assisted living facility in the area, paid $2.7 million, or $84,400 per unit, at a 9% cap rate.
Not-For-Profit Buys Wisconsin Community
