Ziegler assists in $40M Minnesota Masonic Homes North Ridge closing

Share this article:

Ziegler has announced the sale of Minnesota Masonic Homes North Ridge to Mission Health of Florida and Aviv REIT.

Minnesota Masonic Charities (MMC) acquired North Ridge, a 548-unit rental continuing care retirement community in New Hope, MN, in the late 1990s. It has more than 351 skilled nursing beds, 73 assisted living units and 124 independent living units.

Ziegler was able to identify a number of companies interested in North Ridge and secured multiple proposals, the company said. Ultimately, MMC chose Mission Health of Florida as their buyer, and the community was sold to Aviv REIT, which leased the community to Mission Health. The purchase price was $40 million. The deal was announced Feb. 3.

MMC is keeping its flagship campus. 

Share this article:
close

Next Article in Products

More in Products

Malnutrition remains issue

Identifying malnutrition in patients upon admission to a hospital is a low-cost way to improve patient outcomes and reduce readmissions, a new report says. Alleviating Hospital-Based Malnutrition: A Baseline Progress Report is an assessment of hospital-based malnutrition released in connection with the first anniversary of ...

Construction Specialties introduces wall and door protection

Construction Specialties introduces wall and door protection

Construction Specialties Inc. (C/S) has debuted a new line of wall and door protection, Acrovyn by Design and Acrovyn Doors by Design. The products embed high-resolution images and logos as ...

BioSensics launches ActivePERS fall detection

BioSensics launches ActivePERS fall detection

BioSensics has introduced ActivePERS, a personal emergency response and telemonitoring solution for seniors.