Presence Life Connections sells two SNFs
Senior Living Investment Brokerage has represented Presence Life Connections in the sale of two Illinois communities, the firm announced last month. The SNFs were sold for $26.5 million to Health and Home Management Inc.
The first community, Presence Ballard Rehabilitation, is a skilled nursing facility built in 1977. It has 231 licensed beds and is on 1.88 acres. Occupancy was at 65%.
The second community, Saint Andrew Life Center, was constructed in 1963 and consists of 209 beds/units and sits on 9.41 acres. Occupancy was 80%.