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 Medicaid New Choices Waiver program at the community and leverage some of their operator’s local programs to boost operations.
Vince Viverito and Brad Clousing of SLIB managed the transaction.
“This community is uniquely positioned in the market to offer affordable living for seniors,” says Viverito. “The buyer and their operator intend to continue offering state-based reimbursement programs and enhancing services to improve resident experience.”