Chicago, IL, January 15, 2018 –- Heavenrich & Company announced the successful sale of two, adjacent memory care communities in Loveland, Colorado. The Aspen House communities, which were purpose built in 2010 and 2015, sold for $8,437,500 and have a total of 40 units and 80 licensed beds. Aspen House had been operated as stand-alone, family-run communities. Heavenrich & Company has a long-term relationship with the Aspen House owners and had previously represented them in the sale of their communities in New Mexico. Madison Realty Companies, which has offices in Denver and Pasadena, acquired Aspen House. Brian Clark, Senior Director at Heavenrich & Company’s Denver office, managed the transaction.  

Based in Chicago and formed in 1994, Heavenrich & Company is a dedicated boutique senior housing investment brokerage firm. The firm advises public and privately-held assisted living, memory care, independent living and skilled nursing organizations in mergers and acquisitions. In addition to brokering existing facilities, Heavenrich & Company provides acquisition and construction capital for senior housing operators.

For more information, contact:

Adam Heavenrich, Managing Director
Heavenrich & Company, Inc.
203 N. LaSalle Street, Suite 2100, Chicago, IL 60601
phone: 312.558.1590  
email: adam@heavenrich.com  or brian@heavenrich.com
 website: www.heavenrich.com

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