Senior Living Investment Brokerage Ranked #37 in USA

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Senior Living Investment Brokerage, Inc. Was named the 37th largest commercial real estate brokerage firm in the country. According to the National Real Estate Investor, 2015 was another strong year for commercial real estate leasing and investment sales volume. Senior Living Investment Brokerage’s 14 brokers (as of 2015) completed 74 transactions for a total of $720,000,000 in sales.

Additional Information

Additional information can be found at:

http://nreionline.com/brokerage/2016-top-brokers?view=row&page=37

To learn more about Senior Living Investment Brokerage, Inc. or how we can assist you with your Seniors Housing investment objectives, please contact Grant Kief of Senior Living investment Brokerage at [email protected] or 630/858-2501

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Michigan Skilled Nursing Sale

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Michigan Skilled Nursing Sale

Tom Rusthoven recently procured a Michigan Skilled Nursing sale. The skilled nursing sale consisted of a 72 bed. state licensed facility located in Detroit, Michigan. The building was originally constructed in 1957 with an addition and renovation in 2012. The census at the time of sale was an impressive 90% due to the quality of care delivered by the staff. Per the Seller’s direction, terms of the sale are confidential.

Change of Ownership

The Seller was a regional owner operator looking to take advantage of the current, favorable capital markets available to Buyers. The Buyer is an East Coast based owner operator expanding their current presence in Michigan.

Contact SLIB

For additional information on this Michigan Skilled Nursing sale or to meet with Tom to discuss other opportunities in the seniors housing market, please contact Tom Rusthoven of Senior Living Investment Brokerage, Inc. at [email protected] or call TOm at 630/858-2501

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Skilled Nursing Facility Sale

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Skilled Nursing Facility Sale in Georgia

Ryan Saul and Bradley Clousing of Senior Living Investment Brokerage, Inc. recently handled a 213 Bed Skilled Nursing Facility sale in Augusta, Georgia, home of the Masters Golf Tournament. This Skilled Nursing Facility sale was part of a Chapter 11 bankruptcy auction. The contract sales price was $3,700,000, however, as part of the purchase agreement, there was a credit of $250,000 for assumption of future callbacks and prior operation liability. The skilled nursing home was operating at a ($738,000) annual deficit at the time of sale. The census was on 41%. The gross income multiple at the time of sale was 0.80X.

Buyer/Seller Summary

The Seller was a not-for-profit organization. The Buyer is a local, not-for-profit hospital based system. They own and operate additional long-term care communities in the area. They plan on transferring 20 of the beds to a another nearby skilled nursing facility they own. They also have plans to invest in the physical plant in order to capture higher census and improve the financial performance.

Contact Senior Living Investment Brokerage, Inc.

For additional information on this Skilled Nursing Facility sale, please contact Ryan Saul at [email protected] or Bradley Clousing at [email protected] 630/858-2501

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