Ziegler Advises Nesnah Ventures on Sale of Cannon Rivers Community in Cannon Falls, Minnesota

by Jeff Shaw

CANNON FALLS, Minn. — Ziegler has acted as exclusive financial advisor to Nesnah Ventures LLC on the sale of Cannon Rivers Senior Living, a 105-unit senior living community in Cannon Falls.

Located about half-way between Minneapolis and Rochester, the community represented the only senior living asset owned by Nesnah Ventures, a Wisconsin-based family office investor.

Built in 2008 and originally intended as multifamily apartments, Nesnah Ventures redeveloped the community into senior living to fill a void in the market. The campus includes independent living, assisted living and memory care apartments.

Eden Senior Care purchased the property and took over operations on Nov. 1. This represents the fifth acquisition for Eden in Minnesota. The price was not disclosed.

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