September 20, 2023
Senior Living Investment Brokerage has announced the sale of assisted-living communities in Albuquerque, New Mexico. The communities, built in 1972 and 1982 with renovations in 2011 and 2015, are 3,176 & 7,880 square feet.
The seller was a mom-and-pop company that wanted to retire from the industry, while the buyer is an owner/operator expanding its presence in the western U.S.; this is their first acquisition in New Mexico. The buyer’s intention is to retain the reputation and build upon the legacy that the owner built in the community.
“The owner is excited to pass on her legacy to a new owner/ operator with the same vision and goals she set out to accomplish when she started the business,” stated SLIB Senior Vice President Vince Viverito. “We are eager to see what the future holds for the new owner with this strategic expansion.”
SLIB’s Viverito and Matthew Alley managed the transaction.