Senior Living Investment Brokerage (SLIB) facilitated the sale of The Homestead at Coon Rapids, an assisted-living/memory care facility in Coon Rapids, Minnesota.
The Homestead at Coon Rapids consists of 53 units and was built in 1999. The property is 31,195 square feet and sits on about 3 acres.
The seller is a large national non-profit. The buyer is an in-state owner partnering with an in-state operator.
Jason Punzel, Brad Clousing and Jake Anderson of SLIB handled the transaction.
