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BLAINE, Minn. — Crest View Senior Communities has sold Crest View Senior Community at Blaine, located in the city of Blaine, roughly 20 miles north of downtown Minneapolis.
Catholic Eldercare acquired the property, which totals 164 units, for an undisclosed price. Catholic Eldercare will also assume management of Columbia Village, a Crest View-owned community in Columbia Heights, Minnesota, on behalf of Crest View. Catholic Eldercare’s portfolio now comprises eight communities in metro Minneapolis.
Ziegler served as the financial advisor to Crest View in the transaction.