Senior Living recently sold a 10 unit memory care, 11 unit personal care and 4 unit independent facility in a rural area of Pennsylvania. The 1975 building is licensed for 44 beds. The census is 82% and consisted mostly of private pay residents but did have a few that are SSI and VA residents. The […]
Ryan Saul, Brad Clousing and Jeff Binder closed the second portion of the Hollinger Group portfolio. This portion of the portfolio consisted of 6 seniors housing communities located in New Jersey, Pennsylvania, Virginia and Maryland. The properties were built between 1986 and 2012 and totaled 299 beds. This portion of the portfolio sold for $54,475,000 […]
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Senior Living Investment Brokerage sold a 33 unit Assisted Living Facility in Texas. The property consists of 3 separate buildings on 5.36 acres built between 1987 and 2007. Despite the challenge of three buildings, Senior Living was able to procure a sale at a 10.8% cap rate. The census at the time of the sale […]
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When considering to exit the senior living industry, there are two main alternatives to consider, selling the facility fee simple, or leasing it to an operator. There are advantages and disadvantages of each option. The biggest advantage of selling an assisted living facility (or independent living facility) is an owner receives all of their cash […]