Haven Senior Investments (HSI) and ParaSell, Inc. are pleased to present the opportunity to acquire Silver Threads,a 32-unit, 35-bed independent and assisted living community located in Gregory, South Dakota. Gregory is locatedin the southeastern part of the state, about 160 miles from Sioux Falls, the state's largest city, and roughly 130 miles from Omaha, Nebraska. It is situated along U.S. Highway 18, with nearby larger towns including Winner to the west and Lake Andes to the east. Purpose-built to serve the local population, the majority of Silver Threads Assisted Living residents come from within a 30-mile radius and are referrals from families and the local hospital.

This 29,564 square-foot facility cost the original owner $3.6 million to build in 2000. The community is currently owned by a civic-minded group of local residents who have owned it since 2017. Although its licensed and run as Assisted Living, it is also licensed to provide Adult Day Care and Respite Care. Offering both independent and assisted living accommodations, the current model allows for flexibility in care, enabling residents to transition seamlessly within the community as their needs evolve, supporting the concept of aging in place. Silver Threads is a spacious and comfortable facility, which is well known and highly regarded within the community. It serves both private pay and Medicaid residents and currently boasts an occupancy over 90%. This well-performing asset presents a strong investment opportunity with consistent historical occupancy and healthy profit margins. Priced to sell quickly at an 18.5 cap, Silver Threads is seeing even stronger revenues in 2026. Adjusted financials provide a clear and accurate representation of income and operating costs, making this a turnkey acquisition with stable returns, room for rate growth, and minimal operational risk.
- Large and well-maintained facility of over 29,000 square feet.
- Property sits on 2.2 acres and a .73 acre adjacent lot also is included.
- Current NOI over $250,000.
- Owners retirering priced for a quick sale at 1.35m for real estate and business
- Owner is flexible and willing to stay on as management for an extended period during transition
- Recent upgrades include new, appliances, security system, fencing and roof.
- New elevator in AL building 2022.
- Facility includes 9 full size garages plus an ambulance bay.
- No competing assisted living communities for over 20 miles.
- Experienced and committed staff offers a turn-key investment.