3
CHICAGO — Specialty investment bank Ziegler has advised on the sale of a three-community senior living portfolio located in Minnesota. Ziegler acted as advisor to the seller, a nonprofit organization.
Affiliates managed by Vista Senior Living Management acquired two of the properties. River Oaks of Minnesota Housing Services purchased the third property.
Chicago-based Ziegler was engaged with the seller prior to the marketing of the portfolio, assisting in the strategic planning and evaluation process that led to the decision to sell. “The portfolio generated strong interest from a broad range of qualified buyers,” says Nick Glaisner of Ziegler.