"This is an unusual offering in today's environment because we are actually selling something in the health care space that has a current operating profit as well as additional upside potential, Joshua Olshin, president of Tranzon IPG, tells GlobeSt.com.

"These are modern facilities and have experienced management in place, making this ideal for either an investor wanting to get exposure to this space without having to manage a negative carry or an existing operator looking to expand through the acquisition of a geographically concentrated group of established facilities in affluent areas" adds Oren Klein, vice president of Tranzon IPG.

"The foreclosure is for 100% of the membership interests in 11 limited liability companies that own and operate these 12 facilities," says David Lowry, vice president of Tranzon Fox. He adds, "While there is no minimum bid, we expect bidding to start around $17 million for the entire portfolio." There are a total of 183 units among the facilities, all of which specialize in Alzheimer care.