MICHIGAN — Jim Knapp of The Knapp-Stahler Group is pleased to announce the successful sale of a 3-Property Assisted Living & Memory Care Portfolio located in Hillsdale and Coldwater, Michigan.
Family owned and operated for multiple generations, Drew’s Place includes five buildings totaling approximately 100 units and beds across three campuses, all located within a 30-mile radius of one another. The communities feature private accommodations with in-suite bathrooms, strong local reputations, and long-standing occupancy levels that have historically ranged from the low-80% to 90% across the portfolio.
“Family-owned portfolios with private-pay revenue streams, strong local reputations, and a diversified mix of assisted living and memory care services continue to attract significant buyer interest,” commented Jim Knapp. “The ability to acquire three communities within close geographic proximity, combined with historically strong occupancy and operating performance, made this a compelling opportunity for the buyer.”