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PINE ISLAND, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two seniors housing communities located in Pine Island.
A regional operator acquired both properties, which include Pine Haven and Evergreen Place Assisted Living.
Pine Haven, which was originally constructed in 1964 and renovated in 2016, is a 70-bed skilled nursing facility. Featuring 24 assisted living units, Evergreen Place was built in 1995 and is connected to Pine Haven.
The USDA sold Pine Haven, and the seller of Evergreen Place was the City of Pine Island. Jake Anderson, Dan Geraphty and Ryan Saul of SLIB brokered the transaction.