Home Industries Real Estate Sheboygan senior living facility acquired by Fannie Mae at sheriff’s sale

Sheboygan senior living facility acquired by Fannie Mae at sheriff’s sale

By
Hunter Turpin
-
Image from LakeHouse Sheboygan

A Sheboygan senior living facility valued at $8.1 million was sold at a sheriff’s sale, according to state records. Known as LakeHouse Sheboygan, the property at 1231 Eisner Ave. was acquired by Fannie Mae, which is a United States government-sponsored enterprise that provides mortgage financing. The property’s former owner was an affiliate of Chicago-based assisted

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Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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A Sheboygan senior living facility valued at $8.1 million was sold at a sheriff's sale, according to state records. Known as LakeHouse Sheboygan, the property at 1231 Eisner Ave. was acquired by Fannie Mae, which is a United States government-sponsored enterprise that provides mortgage financing. The property's former owner was an affiliate of Chicago-based assisted living operator Enlivant, which ceased operations at the end of 2023, according to its website. The company could not be reached for comment. Elivant cited the COVID-19 pandemic, operational and occupancy challenges, rising interest rates and debt service costs as reasons for its closure, according to trade publication Senior Housing News. In 2021, Sabra Health Care Real Estate Investment Trust announced that it would exit its joint venture with Enlivant. Built in 1981, LakeHouse Sheboygan offers assisted living apartment rentals.

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