ESI Negotiates Sale of 154-Unit Seniors Housing Campus in Cottage Grove, Wisconsin

by Jeff Shaw

COTTAGE GROVE, Wis. — Evans Senior Investments (ESI) has arranged the sale of Aster Senior Communities of Cottage Grove and Drumlin Residences, a 154-unit independent living, assisted living and memory care campus in Cottage Grove, a suburb of Madison.

The campus first opened its doors in 2006 with the 70-unit assisted living community, then followed by the 24-unit memory care community in 2016 and the 130-unit Drumlin Residences independent living section in January of 2018. The campus maintained over 93 percent occupancy for the last few years.

ESI represented the seller, an independent owner, in the transaction. Regional owner-operator Capri Communities acquired the campus for an undisclosed price.

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