SLIB Negotiates Sale of 108-Bed Devonshire Acres in Sterling, Colorado

by Jeff Shaw

STERLING, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Devonshire Acres, an independent living, assisted living and skilled nursing community in Sterling, near the Nebraska border approximately 130 miles northeast of Denver.

The community consists of 24 independent living/assisted living beds and 84 skilled nursing beds. It was built in 1982 and renovated in 1989. The property totals 55,430 square feet on approximately 10 acres of land.

The seller was a REIT. This was the tenant’s only managed asset in the state. The buyer is a prominent Colorado state owner-operator. The price was not disclosed.

Vince Viverito, Jeff Binder, Nick Cacciabando and Jason Punzel of SLIB handled the transaction.

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