SLIB Negotiates $3.7M Sale of Three-Property Portfolio in California, North Carolina

VISTA, Calif., and HENDERSONVILLE, N.C. — Senior Living Investment Brokerage (SLIB) has facilitated the sale of two assisted living communities in Hendersonville and a 183-unit independent living, assisted living and memory care community in Vista.

SLIB represented the undisclosed seller. A national owner-operator acquired Rancho Vista, the California asset. A North Carolina-based owner-operator acquired the other properties, Cardinal Care Center and Blue Ridge Retirement.

Cardinal Care Center features 60 assisted living beds in a 14,000-square-foot community. Blue Ridge Retirement features 43 assisted living beds in a 3,400-square-foot community. The properties are only one mile from each other.

Bradley Clousing and Patrick Burke of SLIB handled the transaction.