MILWAUKEE — Senior Living Investment Brokerage (SLIB) has arranged the sale of St. Clare Terrace, a 59-unit assisted living community in Milwaukee. The community was built in 1964 and operates under the Residential Care Apartment Complex (RCAC) designation. The 67,000-square-foot property sits on 2.4 acres, and was 64 percent occupied at the time of sale. St. Clare was placed into receivership when the previous nonprofit owner-operator was unable to service outstanding bonds. Shortly after the building was placed in receivership, an experienced operator was hired to manage the community until …
Wisconsin
CHETEK, BLACK RIVER FALLS, BLOOMER and OCONTO FALLS, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of four skilled nursing facilities and three assisted living communities located throughout the northern half of Wisconsin. The properties total 394 beds and are located in Chetek, Black River Falls, Bloomer and Oconto Falls. The properties range in size from 34,070 square feet to 61,170 square feet. The Atrium portfolio was placed into receivership September 2018 when a for-profit owner-operator based in the East Coast was unable to fulfill its financial …
New Perspective Hires Jason Wilson as Executive Director for Upcoming Community in Franklin, Wisconsin
by Jeff Shaw
FRANKLIN, Wis. — New Perspective Senior Living has hired Jason Wilson as executive director of New Perspective Franklin, a seniors housing community scheduled to open in spring 2020 in the Milwaukee suburb of Franklin. A former police officer in South Milwaukee and restaurant owner in West Allis, he changed careers to the senior living industry after taking care of his late father at home in hospice care. Wilson was director of operations for three years at Luther Manor senior living community in Wauwatosa. Wilson holds a Community-Based Residential Facilities Administrators …
WEST ALLIS, Wis. — Heritage Senior Living has hired Tammy Schafer as its new vice president of operations. Based in West Allis, Heritage operates 16 seniors housing communities in Wisconsin, including independent living, assisted living, “enhanced assisted living” and memory care.