CHICAGO — Senior Living Investment Brokerage (SLIB) has arranged the sale of three skilled nursing properties in metro Chicago totaling 491 beds.
The communities are the premier nursing homes in the area and include CMS 5-Star ratings and JCAHO accreditation, according to SLIB.
The seller was a privately owned, family-run company that was looking to exit the skilled nursing space. After COVID and the evolution of the industry it became clear to the seller that this portfolio would thrive better with a new owner that had more communities with more resources, according to SLIB.
The buyer was Alta Rehab located in Lincolnwood, Illinois. Alta’s affiliated company has over 5000 beds in the state of Illinois. The price was not disclosed.
Ryan Saul of SLIB handled the transaction.