In the wake of the sale of Rochester's Maple Manor Health Care, the senior apartments next door now have been sold for $1.01 million.
The 18-unit Maples Senior Apartments at 1893 19th St. NW was purchased by Kurt Luschen, of Maynard, Minn., on Feb. 17. The Blum family, which owned Maple Manor until it was sold in January, sold the complex.
Pat Blum, the former administrator of Maple Manor, said it made sense to sell it after the sale of the senior-care center.
Having the apartments next door, Blum previously easily could manage the apartments and handle his duties at Maple Manor. Now that he has left Maple Manor, it wasn't practical for him to continue managing the apartments.
"It's a good fit," he said. "I'm happy we found a buyer for it so quickly."
Darci Fenske, of Rochester's Paramark Real Estate, represented the Blums in the deal, while Cory Magnuson, of Edina Realty, represented the buyer.
Luschen, the new owner, also is pleased with the deal.
"It's an investment property for me. I plan to keep it fairly the same," he said. "I think it's good to invest in Rochester. It's a fairly stable community down there."
Luschen is in talks with Pritok Capital, of Skokie, Ill., which bought Maple Manor, about working out an agreement to provide some services to the apartments' tenants. Pritok bought the center at 1875 19th St. NW for $3.5 million in mid-January.