Senior Living Investment Brokerage Sells Iowa Memory Care

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Nick Cacciabando, Jeff Binder and Jason Punzel represented the seller of a 24 unit/32 licensed bed memory care facility in Iowa built in 1998. The asset is approximately 14,200 square feet and is on 1.5 acres of land. The large units are fully furnished and arranged around an interior courtyard. One of the challenges for potential Buyers was the layout of two, separate buildings- this presented added expense for staffing and services. The Seller was a financial institution from California. The Buyer is an Illinois based owner-operator. For additional information, please contact Senior Living Investment Brokerage at 314/961-0070 or 630/858-2501.

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How the Bond and Financial Markets Affect Value

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I saw an interesting article about how the bond market affects real estate value. We are naive to think that it won’t have some affect on the Seniors Housing market.

Here is the article for those that missed it: REAL ESTATE INVESTOR ARTICLE

Please contact Ryan Saul to talk about the current market or if you have thought about buying or selling a seniors housing community (630-858-2501).

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Matthew Alley Sells Two Texas Skilled Nursing Facilities

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Senior Living investment Brokerage sold two Skilled Nursing Facilities in Texas recently. One property has 66 beds on 1.46 acres while the other is 80 beds on 4.29 acres. Both were built in 1968 and the overall census at the time of the sale was 49%. The Seller was a Texas based owner/operator. The Buyer is also a Texas based owner/operator that will utilize a publicly traded REIT for one the properties. The operations have been breakeven since 2014. For additional information, please contact Matt Alley at 630/858-2501 or [email protected]

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Senior Living Sells Texas Assisted Living Portfolio

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Matt Alley and Toby Siefert of Senior Living Investment Brokerage, Inc. sold 9 Assisted Living Communities with a focus on Memory Care located in Houston and San Antonio area. Two of the properties were in the lease up stage and the other seven were stabilized. The properties were built between 2005 and 2014. Resident rates range from $5,500-$5,600 per month. The Seller is a private owner/operator and the Buyer is a non-profit entity expanding their presence in Texas. The purchase was financed through the issuance of bonds. For additional information, please contact Matt Alley at [email protected] or Toby Siefert at [email protected] 630/740-0159

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