Assisted Living and Memory Care Community Sale

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Assisted Living and Memory Care Community Sale in Florida conducted by Brad Clousing of Senior Living Investment Brokerage, Inc. The transaction consists of an Assisted Living and Memory Care Community located just outside the Tampa MSA. The community features 30 assisted living units and 21 memory care units. The 44,000 square foot building was originally constructed in 1963 and completely renovated in 2008. The census at the time of sale was 95%. Although the community is not purpose built, the building underwent extensive renovation in 2008 giving it the look, feel and functionality of a purpose built assisted living and memory care community. The physical plant and large resident floor plans provide for potential double occupancy and an increase in the bed capacity for future revenue growth. The Seller was a local owner operator looking to exit the market. The Buyer is a private capital group that partnered with a regional operator. The 9.4% capitalization rate was higher than current market rates given the immediate cap ex needs, deferred maintenance and inconsistent operating trends. Senior Living Investment Brokerage, Inc. was able to procure multiple qualified offers within weeks of commencing marketing and was able to negotiate the Assisted Living and Memory Care Community Sale at over $100,000 per unit on the Seller’s behalf. For additional information on this Assisted Living and Memory Care Community Sale, please contact Brad Clousing of Senior Living Investment Brokerage, Inc. at 630/858-2501 or [email protected]

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Skilled Nursing Sale in Georgia

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Skilled Nursing Sale recently handled by Brad Clousing in Georgia. This transaction consists of a 102 Bed Skilled Nursing sale in Pineview, Georgia. The community has been leased at a rate of $50,000 per month for 10 years. The Skilled Nursing Community benefits from limited competition in the area, stable operations and an excellent reputation in the surrounding area. The tenant is an experienced Georgia operator. The Landlord was the previous owner/operator seeking to exit Georgia operations and focus on their Florida portfolio. The asset was built in 1967 with an addition and renovation in 2013. The census at the time of sale was 67%. For additional information on this Skilled Nursing Sale or to inquire about other opportunities, please contact Brad Clousing of Senior Living Investment Brokerage, Inc. at 630/858-2501 or [email protected]

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Seniors Housing Sale in Alabama

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Seniors Housing sale handled by Brad Clousing of Senior Living Investment Brokerage, Inc. in Alabama. The transaction consisted of three Assisted Living and Independent Living Communities located in Auburn, Alabama. All three assets are purpose built and benefit from close proximity to each other as well as a total of 84 SCALF beds which are very difficult to acquire in Alabama. Azalea Place was built in 1999 and features 72 units. Camellia Place, also constructed in 1999, features 58 units and is licensed for 42 SCALF beds. Magnolia Place, constructed in 1996, features 53 units and is also licensed for 42 SCALF beds. The Seller, East Alabama Medical Center (EAMC), was looking to exit the assisted living market in order to focus on core operations. The Buyer is a partnership between a national equity investor and an Alabama based operator. They intend on making a significant investment into the physical plants at each location. The assets will be re-branded and re-positioned in the market. Additionally, there will be a heavy focus on programming and staffing efficiencies. The three Assisted Living Portfolio totaled 183 beds and sold for $16,531,500. The overall census was 85% and the Gross Income Multiple was 2.8X. For additional information on this seniors housing sale or on how Senior Living Investment Brokerage, Inc. can assist you with a purchase or sale, contact Brad Clousing at [email protected] or 630/858-2501.

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Assisted Living Community Sale in Georgia

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Brad Clousing, Managing Director of Senior Living Investment Brokerage, Inc. recently orchestrated an Assisted Living Community Sale in Nashville, Georgia. The asset features 12 assisted living units and 14 memory care units in the 18,603 square foot building. Originally built in 1997, the physical plant underwent an extensive renovation in early 2015 and the lease up began in August of 2015. The sale also included additional land for future potential expansion. The transaction was strucured as a sale leaseback. The seller also recently sold another community locatd approximately 25 miles south of this property in a sale leaseback transaction as well. The Buyer is a publicly traded REIT. The community was fully occupied at the time of closing and will benefit from the additional land for expansion of 20 to 24 units. The sales price for the 26 unit building was $2,700,000 which translates to $103,846 per unit. The cap rate was 11.3% and the Gross Income Multiple was 2.4X. For additional information on this Assisted Living Community Sale or how Senior Living Investment Brokerage, Inc. can facilitate the confidential sale of your seniors housing community, contact Brad Clousing at 630/858-2501 or [email protected]

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