PEKIN, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Hallmark House Nursing Center.
Located in Pekin, a suburb of Peoria, Hallmark House was built in 1964 and features 71 beds. The property totals 22,588 square feet on a six-acre plot.
The seller was a private owner based in California struggling to oversee this single asset in Illinois. Occupancy was 62 percent at the time of sale.
The buyer was a regional owner-operator with other facilities in Illinois. The price was not disclosed.
Ryan Saul of SLIB handled the transaction.
“Despite the challenging environment with COVID-19, the buyer remained steadfast in getting this done and saw this as an opportunity to expand in a market where they had other communities,” says Saul. “The seller felt relieved to transition to a new owner that would take care of staff and residents.”