Ryan Saul of Senior Living Investment Brokerage represented the seller in the sale of 19 seniors housing communities throughout Indiana and Iowa.
The total portfolio included 1,159 skilled-nursing beds. The overall occupancy of the portfolio is at 80 percent.
The seller was Ide Management. The buyer was a Midwest owner/operator that recently completed a private sale of a portion of its facilities. The buyer purchased the Ide Management Group portfolio as a 1031 exchange.
