Announced
Completed
Synopsis
Eden Senior Care, a managed portfolio of skilled nursing facilities, completed the acquisition of Cannon Rivers Senior Living, a 105-unit senior living community located in Cannon Falls, from Nesnah Ventures, a holding company that provides financial, administrative, and strategic support for operating companies. Financial terms were not disclosed. Located about half-way between Minneapolis and Rochester, the Community represented the only senior living asset owned by Nesnah Ventures. Built in 2008 and originally intended as multi-family apartments, Nesnah Ventures re-developed the Community into senior living to fill a void in the market. The campus includes independent, assisted living, and memory care apartments.
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