Ziegler, a specialty investment bank based in Chicago, acted as the exclusive financial advisor for Marquee Capital (formerly known as Berengaria Development) on the sale of BrightStar Senior Living Fort Wayne. This 41-unit assisted living and memory care center is located in Fort Wayne, Indiana.
Marquee Capital developed this community which has been operated by BrightStar Senior Living since its opening in 2018. The property spans over 3.25 acres and is situated in the Pine Valley neighborhood, just eight miles north of downtown Fort Wayne.
Affiliated with Marcus Investments LLC., Marquee Capital is a real estate company that recently sold this property to Lutheran Life Villages (LLV). LLV currently operates five senior communities across Fort Wayne and Kendallville and will now take over operations at Brightstar.
According to Nick Glaisner, managing director at Ziegler who led negotiations for this transaction: “Lutheran Life Villages was identified as an ideal successor for both residents and staff at Brightstar.” Ziegler conducted a targeted marketing process resulting in pricing that reflects a capitalization rate of six percent based on historical cash flow.
