SLIB Arranges Sale of 68-Unit Avonlea Assisted Living in Tupelo, Mississippi

by Jeff Shaw

TUPELO, Miss. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Avonlea Assisted Living, a 68-unit property in Tupelo.

The community was built in 1999 and renovated in 2005.

The seller is a publicly traded REIT. The buyer is a regional owner-operator based in Mississippi, that intends to renovate the asset and make significant upgrades to improve occupancy, revenue and overall bottom-line performance. The price was not disclosed.

Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

You may also like