May 31, 2023
Senior Living Investment Brokerage (SLIB) recently brokered the sale of an unnamed, 131-unit independent living facility in Reno, NV.
The property, which was built in 2020, is 120,316 square feet and situated on approximately five and a quarter acres. The seller was a regional owner/operator located in the Western US, while the buyer was a private equity company based in New York that specializes in active adult and independent living communities.
Jason Punzel, Dave Balow, Vince Viverito & Brad Goodsell of Senior Living Investment Brokerage handled the transaction.
“The community leased up quickly despite being opened during COVID,” said SLIB Managing Director Jason Punzel. “It is a testament to the quality of the construction and service provided by the owner/operator.”
For more information contact Punzel (630) 858-2501 x233 or email@example.com.