Giannini Closes Savage Senior Living Deal

Ray Giannini of Marcus & Millichap’s Milwaukee, Wisconsin office, along with Associate John Klement, worked on behalf of a local developer to sell a 94-unit senior living community in Savage, Minnesota (Minneapolis MSA). Why sell a community that since opening in 2015 has seen occupancy soar up to 94% and operating margin stabilize at just

Construction Site
Construction Site

Minnesota Building Boom

Construction of seniors housing communities seems to be speeding up in Minnesota, with a slew of groundbreakings announced in the last month. Two developments in the Minneapolis/St. Paul MSA will be managed by Ebenezer Management Services upon completion. The first, a 105-unit community with 80 independent/assisted living and 25 memory care units, is being developed […]