SLIB Negotiates Sale of 114-Unit Community in Wisconsin

RACINE, Wis. — Senior Living Investment Brokerage has arranged the sale of Atrium of Racine and Bay Pointe at the Atrium, a senior living campus about 25 miles south of Milwaukee in Racine.

Atrium of Racine offers 74 independent living units, while Bay Pointe at the Atrium features 40 RCAC units. Residential Care Apartment Complexes (RCAC) are a Wisconsin designation where apartments offer up to 28 hours per week of supportive care, personal care, and nursing services.

Ryan Saul and Jason Punzel of Senior Living Investment Brokerage facilitated the sale of the 146,534-square-foot, 5.6-acre campus. At the time of sale, independent living occupancy was 77 percent and the RCAC occupancy was 28 percent.

The buyer, seller and price were not disclosed.