Large SNF and IL community sold
Ide Management Group has bought Countryside Nursing & Rehab, a 222-bed SNF, and Four Seasons Countryside Estates, and independent living community, for $3.1 million.
Senior Living Investment Brokerage arranged the sale, and the seller was a public REIT that wanted to divest a non-core asset.
Both properties are located near each other in Sioux City near the Nebraska border. Ide said it will invest in updates to the skilled nursing portion of the portfolio, which hopes to improve upon the current occupancy of 35%.