Nick Cacciabando and Jeff Binder Broker Skilled Nursing Facility

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Senior Living Investment Brokerage, Inc. Hired to Broker Skilled Nursing Facility in Kansas

The 36,940 square foot building consists of 45 skilled nursing beds and 14 residential care units built in 1965, 1974 and 1998. The facility had been de-certified from 58 beds within the last couple of years. It is the only facility in town and nearest competitor is nearly 25 miles away. The Seller is a large regional owner/operator based in Kansas. This was a strategic divestiture for the Seller as it is a portfolio outlier. The Buyer is a growing regional owner that acquired four additional facilities in Kansas at the same time as this acquisition. They have an existing presence in Kansas and will benefit from economies of scale. The transaction sold at a 12.8% capitalization rate. For additional information, please contact Jeff Binder or Nick Cacciabando of Senior Living Investment Brokerage, Inc. at 314/961-0070.

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Ryan Saul and Nick Cacciabando Team up for Skilled Nursing Facility Sale

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Senior Living Investment Brokerage, Inc. recently announced a 96 Bed Skilled Nursing Facility Sale in Wichita, Kansas. Census was 67% (92% Medicaid) at the time of sale. Original construction of the 32,882 square foot home was in 1968. The selling entity is a private owner based in Georgia. This was an outlier for them and the sale proceeds are being used to reduce the debt at another property they own. The Buyer is a private REIT based out of Chicago. A regional operator has been retained. The new owners of the skilled nursing facility plan to invest capital into the physical plant in order to improve census and quality mix. For additional information on this skilled nursing sale or to schedule a meeting to discuss how Senior Living Investment Brokerage, Inc. can assist you in the sale of your seniors housing property, contact Ryan Saul at 630/858-2501 or Nick Cacciabando at 314/961-0070.

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Patrick Byrne and Bradley Clousing Sell Skilled Nursing Facility

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Senior Living Investment Brokerage, Inc. hired to sell Skilled Nursing Facility in Oklahoma.

The property was built in in 1971 and 1990. The census at the time of sale was 61%. At the time of sale, the facility had negative EBITDA of ($568,000). Senior Living Investment Brokerage, Inc. was able to generate multiple offers on the exclusive listing.
The Seller purchased the 102 bed skilled nursing facility and made a significant investment in the physical plant. After struggling with census and retaining able management, a decision was made to sell. The Buyer has a good reputation and strong relationships in Oklahoma and should be able to capitalize on the improved physical plant. For additional information contact Patrick Byrne at 314/961-0070 or Bradley Clousing at 630/858-2501

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Brad Clousing Handles Assisted Living and Independent Living Sale

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Senior Living Investment Brokerage, Inc. recently closed on a 138 unit Assisted Living and Independent Living Sale. The community, built in 1985, was a condominium building that is in the process to a rental community. Originally developed as a seniors housing condominium, the aging resident base and high assessment fees provided the opportunity for a group to assemble the units by purchasing each individual unit, terminate the condo association and convert the building to a rental model. Given the large unit sizes, there will be 214 units post post conversion. At the time of the sale, there were 80 existing condo residents that executed new leases for their units. The Buyer also plans on investing in memory care units at the property. For additional information, contact Brad Clousing of Senior Living Investment Brokerage, Inc. at 630/858-2501 or [email protected]

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