Ziegler Advises on Sale of 101-Unit Terova Senior Living in Mequon, Wisconsin

by Jeff Shaw

MEQUON, Wis. — Ziegler has acted as exclusive financial advisor to Marquee Capital on the sale of Terova Senior Living, a 101-unit senior living community in Mequon, a northern suburb of Milwaukee.

Marquee Capital is the real estate company affiliated with Marcus Investments LLC, a family office. Located in one of the most affluent suburbs in Wisconsin, the community represented the only senior living asset owned by Marquee in the state.

Terova was built in 2005. Between 2020 and 2022, Marquee Capital renovated and repositioned the community as a for-profit entity without a religious affiliation. Renovations included skilled nursing and hospice unit conversion; HVAC, lighting and other technology updates; a new, secure outdoor garden; and extensive landscaping.

The 19-acre campus, which Charter Senior Living operates, offers independent living, assisted living and memory care apartments.

Inspired Healthcare Capital (IHC) purchased the property, and its affiliate manager, Volante Senior Living, took over operations. This represents the second Wisconsin acquisition for IHC. Although the price was not disclosed, the property sold at a 6.43 percent capitalization rate based on historical cash flow.

You may also like