Senior Living Handles Skilled Nursing Portfolio Sale

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Matt Alley was hired for a Skilled Nursing Portfolio sale in Texas. The transaction consisted of 3 skilled nursing facilities that included some assisted living units and independent living units. The properties were located in Richardson, Waco and Austin. Waco is 25 Independent Living, 72 Assisted Living units and 90 Skilled Nursing beds on 13 acres of land. Richardson is 62 Assisted Living units and 106 Skilled Nursing beds on 4.75 acres. Austin is comprised of 118 Skilled Nursing beds on 3.75 acres of land. The overall census was 98%, 65% and 85% respectively. There was upside in rate increases on both the Medicare and Medicaid reimbursement structures. The Seller is an independent owner/operator exiting the industry. The Buyer is also an independent owner/operator based out of Louisiana. The portfolio was built between 1986 & 1988 and sold for $30,500,000 at a 9.3% cap rate. For additional information, please contact Matthew Alley at 630/858-2501 or [email protected]

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Ryan Saul Hired to Sell Assisted Living and Memory Care Community

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Ryan Saul was recently engaged to sell assisted living and memory care facility in Goshen, Indiana. The 80 unit community was originally constructed in 2004 (55 units) with a 2007 addition of 26 units (one currently used as an office). The building is comprised of approximately 92,156 square feet on 6.78 acres. At the time of the sale, the overall occupancy was 98%. The sale price of $14,000,000 included approximately $9,800,000 of HUD debt at 2.55% interest which was assumed by the Buyer. The Buyer owns a nursing home on the adjacent parcel giving the new owner a continuum of care campus. For additional information, please contact Ryan Saul at 630/858-2501 or [email protected]

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Senior Living Selected to Sell Assisted Living and Memory Care Facility

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Jeff Binder and Brad Clousing sold an 80 unit assisted Living and memory care community in Oklahoma City, Oklahoma. The 80 unit (133 total beds) building comprised of 68 assisted living units and 12 memory care units. The facility is approximately 53,000 square feet on 3.6 acres. Built in 1999, the community had a census of 42% at the time of sale. The Seller is a healthcare REIT and this was their only asset in Oklahoma. The Buyer is a regional owner/operator based in Oklahoma. For additional information, please contact Jeff Binder at 314/961-0070 or Brad Clousing at 630/858-2501

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Broker nursing homes and assisted living

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Senior Living Investment Brokerage, Inc. is the preferred choice to broker nursing homes and assisted living.  Many in the industry are asking me what I expect to happen in 2016.  At one point, I thought pricing and number of communities sold would be flat or even down compared to years past.  However, January and February were record months for requests for proposals.  Senior Living has completed more proposals for clients in the first two months of 2016 than the first two months of any other year.  Those proposals will likely lead to listings and new inventory to sell.  What does this mean for you?

If you are buying nursing homes or assisted living, expect a wave of opportunities to come in the coming months.   If you are looking to sell a nursing home or assisted living, act now before the market changes.  There is still capital available and buyers looking to acquire communities.

Please contact Ryan Saul (630-858-2501) to learn more about what we have for sale or to discuss a confidential proposal to find out what your nursing home or assisted living community is worth.

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