SLIB facilitated the sale of an assisted-living and memory care community in Otsego, Michigan, 40 miles south of Grand Rapids.
Built in 2016, the property sits on about 2.4 acres with no major competitors in the market.
The seller was an owner/operator that focuses on states east of the Mississippi River. The buyer is a regional owner expanding its portfolio in Michigan.
David Geraghty, Bradley Clousing and Matthew Alley of SLIB handled the transaction on behalf of the seller.
