SLIB Negotiates Sale of 166-Unit Community in Montgomery, Alabama

MONTGOMERY, Alabama — Senior Living Investment Brokerage has arranged the sale of Caravita village, a 166-unit independent living community in Montgomery, for an undisclosed price.

Comprised of four buildings, one of the buildings is a purpose built assisted living community, but the seller did not maintain the licensing.

The buyer is a partnership between a Canadian private equity group and a Tennessee-based regional operator. The partnership plans to rebrand the community. The seller was a national owner-operator.

Jason Punzel, Brad Clousing, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage handled the transaction.