Michigan Senior Housing Portfolio
Two-Property Senior Housing Portfolio | Michigan
Transaction Details
$32.5 million
Multiple Locations, MI
139 Units
2 Senior Housing Communities
Portfolio Sale
Assisted Living & Memory Care
Key Highlights
Property Overview
CREG Healthcare successfully represented the seller in the $32.5 million sale of a two-property senior housing portfolio in Michigan, totaling 139 units of assisted living and memory care facilities serving the growing senior population across multiple Michigan markets.
Transaction Highlights
This premier senior housing portfolio represents a strategic investment in Michigan's growing assisted living and memory care market. The two communities feature modern design, comprehensive care services, and strong operational performance under experienced management. Both properties serve established Michigan communities with favorable demographics and strong demand for senior housing services.
Property Features
Comprehensive Care
Full spectrum of assisted living and memory care services with licensed nursing staff, medication management, and 24/7 care.
Strong Operations
Well-established communities with experienced operator, high occupancy rates, and strong resident satisfaction scores.
Memory Care Expertise
Specialized memory care units designed for dementia and Alzheimer's residents with secure environments and specialized programming.
Market Demographics
Favorable aging demographics across both markets with growing demand for senior housing and limited new supply competition.
Why This Transaction Succeeded
- Demographic Strength: Michigan's aging population and favorable senior housing supply-demand dynamics attracted institutional senior housing investors.
- Operational Excellence: Strong occupancy, experienced operator, and quality care reputation enhanced buyer confidence.
- Memory Care Premium: Specialized memory care capabilities commanded premium valuations given strong demand and limited competition.
- Portfolio Structure: Two-property portfolio provided scale benefits while maintaining operational efficiency.
- Buyer Network: Targeted marketing to senior housing REITs and operators specializing in assisted living generated competitive interest.
Transaction Outcome
The portfolio sold for $32.5 million to a regional senior housing operator seeking to expand their Michigan presence. The transaction demonstrated CREG Healthcare's ability to successfully market senior housing assets by emphasizing operational performance, market demographics, and growth potential to attract specialized buyers.
"CREG Healthcare's understanding of the senior housing market and their relationships with specialized operators resulted in a competitive process that achieved excellent value for our two-property portfolio."
Your Transaction Team
Work directly with our experienced managing partners who have closed billions in medical real estate transactions.
Considering Selling Your Medical Property?
Learn how CREG Healthcare can help you achieve similar results with your medical office building, surgery center, or portfolio.