SLIB Brokers Sale of 122-Unit Bella Vita Portfolio in Michigan

by Jeff Shaw

HARTLAND and GRAND BLANC, Mich. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two Bella Vita-branded seniors housing communities in Michigan.

The communities are located approximately 26 miles from each other between Detroit and Flint.

Bella Vita – Hartland is located on 6.8 acres and totals 41,534 square feet of livable area, with 61 units offering both assisted living and memory care. Bella Vita- Grand Blanc is located on 4.65 acres and totals 41,508 square feet of livable space, with 61 units also providing both assisted living and memory care.

The seller was a local development partnership looking to exit the industry. The buyer was a growing, Michigan-based provided looking for newer, value-add opportunities. The price was not disclosed.

Both existing lenders provided financing for the buyer. Brad Clousing and Tom Rusthoven handled the transaction for SLIB.

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