Utah

TAYLORSVILLE, Utah — Senior Living Investment Brokerage (SLIB) has arranged the sale of Truewood Taylorsville, a 106-unit assisted living facility with 112 licensed beds in Taylorsville, just south of Salt Lake City. Truewood Taylorsville was built in 1975 and renovated in 1995 and 1996. The community totals 68,970 square feet on approximately four acres. The seller is a REIT divesting to focus on core markets within its portfolio. The buyer is a private owner growing its portfolio in Utah. The price was not disclosed The buyer intends to expand the …

SALT LAKE CITY and ST. GEORGE, Utah — Blueprint Healthcare Real Estate Advisors has brokered the sale of two communities in Utah. The seller was a national developer/investor seeking an exit from more than a dozen geographically disparate, older-vintage communities.  The communities were purchased in a sizeable portfolio transaction pre-COVID, under a value-add thesis of operator transitions to create regional groupings coupled with renovations and repositioning. Unfortunately, the cumulative impact of COVID followed by the unprecedented rise in interest rates created meaningful headwinds to the original thesis and drove a …

SANDY and DRAPER, Utah — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living and memory care communities in Utah. The properties are located just a few miles from each other in the southern Salt Lake City suburbs of Sandy and Draper. The communities were built in 2001 and consist of a total of 140 units. The properties total 35,334 and 53,255 square feet, and are situated on approximately 1.56 and 2.10 acres of land. The seller is a private equity group divesting to focus on …

UTAH — Blueprint Healthcare Real Estate Advisors has arranged the sale of two Class A assisted living and memory care communities in Utah. The two communities, built by the same developer in 2011 & 2016, respectively featured similar layouts, each with approximately 90 units. Both were over 97 percent occupied at the time of sale. An institutional investor sold the assets to a private equity firm for an undisclosed price. Avista Senior Living will continue to operate the communities following the sale.