Bob Richards of Senior Care Realty closed the sale of a small assisted living community in northern Minnesota. A local provider that manages other facilities in the area had operated the property since before the pandemic and finally exercised its lease option for a price of $925,000, or $46,250 per unit. Built in 2005, the 20-unit community cares for a combination of private pay and managed care residents. RWR Realty LLC was the broker of record, and the community was marketed by Senior Care Realty.
