The Lodge at Shelburne Bay is among two senior living properties recently acquired in Vermont by LCB Senior Living.
(Photo courtesy of Bullrock Corp.)
The senior housing operator purchases two properties for $82.4 million
By Dan Larson
The small state of Vermont recently experienced one of the largest private transactions in its history, courtesy of the red-hot seniors housing market.
Norwood, Mass.-based LCB Senior Living LLC acquired two properties in the Green Mountain State, paying a total of $82.4 million for facilities in the cities of Shelburne and Middlebury.
The assets, with a total of 322 units, were sold by Shelburne-based Bullrock Corp. Bullrock’s CEO, Gregg Beldock, acknowledged in local media reports that he was not looking to sell, but he noted that LCB’s offer was too good to refuse.
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