Senior Living Investment Brokerage closed the sale of two assisted-living and memory care communities in Ottumwa and Fort Madison, Iowa.
The facilities consist of 96 units and were built in 2007 and 2008. The properties are 40,939 and 38,947 square feet. The properties are located on about 6.95 and 8.26 acres of land.
The buyer was an Iowa-based owner/operator. The company plans to invest in the properties.
Ryan Saul, Vince Viverito, Jason Punzel and Nick Cacciabando of Senior Living Investment Brokerage handled the transaction.
