Toby Siefert Procures Residential Care & Skilled Nursing Facility Buyer

/in /by

FacebookTwitterGoogle+

Senior Living Investment Brokerage, Inc. recently procured a Residential Care & Skilled Nursing Facility Buyer for a community in Maine. The community was family owned and operated by the same family for over 30 years. The family was ready to retire except for the administrator who was retained by the Buyer. The property was built in 1970 and 1979 and was comprised of 47 skilled nursing beds and 66 residential care beds. The building also had accommodations for 12 adult day care beds. The overall census at the time of the sale was 98%. Senior Living Investment Brokerage, Inc. was able to procure a Buyer based out of New York. For additional information, contact Toby Siefert at [email protected] or 630/858-2501

The post Toby Siefert Procures Residential Care & Skilled Nursing Facility Buyer appeared first on Senior Living Investment Brokerage.

Minimum Wage Increase to Hurt Seniors Housing Investment?

/in , , , /by

FacebookTwitterGoogle+

Increasing the minimum wage will obviously have an impact on the overall economy. Senior Living Investment Brokerage, Inc. is concerned with how such an increase will change the nursing home and senior living market. It is competitive for quality staff. If minimum wage increases will workers making the same money choose a job in the restaurant or retail industry with very little stress or will they choose to care for the most frail people with extreme responsibility, stress and demands?

Owners will need to increase expenses to take care of residents while the rents and reimbursement have been slow to increase.  The increase in minimum wage is one thing, the shortage of quality workers is another.  Owners will need to find the right mix between paying a living wage and remaining affordable to residents.  Applying this strategy will help keep quality staff and a good reputation.  If you take care of employees and you take care of residents, the bottom line should take care of itself.

If you are fed up with the constant changes in the assisted living, memory care and nursing home business and want to sell, please contact Ryan Saul for a confidential discussion about how to sell nursing home or sell assisted living.

The post Minimum Wage Increase to Hurt Seniors Housing Investment? appeared first on Senior Living Investment Brokerage.

Brad Clousing and Ryan Saul Handle Confidential Assisted Living Sale

/in /by

FacebookTwitterGoogle+

Senior Living Investment Brokerage, Inc. handled a Confidential Assisted Living Sale in Ohio recently. The sale consisted of two assisted living communities. One of the communities is 71 units, built in 1984 and is approximately 52,291 square feet on 3.92 acres. The other assisted living community is 76 units, built in 1989 and is approximately 53,382 square feet on 5.36 acres. Overall census was 82%. Senior Living was able to procure multiple offers while maintaining confidentiality. The Buyer is a private owner based in Kentucky. All other information on this transaction is confidential. For information on how Senior Living Investment Brokerage, Inc. can assist you with a confidential sale or purchase of a seniors housing community, contact Ryan Saul or Brad Clousing at 630/858-2501

The post Brad Clousing and Ryan Saul Handle Confidential Assisted Living Sale appeared first on Senior Living Investment Brokerage.

Ryan Saul and Jeff Binder Sell Seniors Housing Community

/in /by

FacebookTwitterGoogle+

Ryan Saul and Jeff Binder Sell Seniors Housing Community in Iowa. Senior Living Investment Brokerage , Inc. was hired to sell a Skilled Nursing and Residential Care Facility (SNF/RC) and an Independent Living Community (ILF). Construction was 1965 – 2003 for the SNF/RC and in 1936 and 1986 for for the ILF. The 160 bed SNF is approximately 68,457 square feet on 8.52 acres. A portion of the building lacked a sprinkler system. Census at the time of sale was 35%. The ILF is approximately 45,553 square feet on 5.41 acres. The occupancy of the ILF at the time of sale was 74%. The communities are within a half a mile of each other. The Seller was a public REIT that divested a non-core, under-performing asset. The Buyer is an operator based in Indiana. They own other communities in Iowa so they plan on gaining operating efficiencies on expenses and leverage a strong regional leadership team. They plan to invest in the skilled nursing facility physical plant to attract residents an increase census. They will also need to install a complete sprinkler system in the SNF. For additional information on this seniors housing community or to discuss other seniors housing opportunities, please contact Ryan Saul at [email protected] or Jeff Binder at [email protected] of Senior Living Investment Brokerage, Inc.

The post Ryan Saul and Jeff Binder Sell Seniors Housing Community appeared first on Senior Living Investment Brokerage.