SweetBriar Assisted Living, a West Virginia senior housing property, sold for $7.125 million, reports Senior Housing News.
The 65-unit assisted living and memory care community dipped as low as 69% occupancy following an admissions ban due to the Covid pandemic. SweetBriar raised that to 87% at the time of the sale to a regional owner/operator aiming to enter West Virginia.
Evans Senior Investments facilitated the sale for a local owner/operator that sought to exit the senior housing space.
