Nursing Home & Seniors Housing Broker
At a certain age, virtually any type property will become obsolete. Thus, at what age is it for Senior Living and Skilled Nursing Facilities? I believe it is more a matter of functionality than age. In today’s competitive world, Assisted Living Communities that are older converted Skilled Nursing Facilities tend to have challenges in keeping […]
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Senior Living investment Brokerage sold two Skilled Nursing Facilities in Texas recently. One property has 66 beds on 1.46 acres while the other is 80 beds on 4.29 acres. Both were built in 1968 and the overall census at the time of the sale was 49%. The Seller was a Texas based owner/operator. The Buyer […]
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I’m often asked when is the best time of year to list a seniors housing or nursing home asset? We are all used to residential real estate agents telling us to list in the Spring while the weather is starting to change (at least for us Northerners). Does it matter for seniors housing communities? Yes […]
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Over the past couple of years, we have seen capitalization rates (defined as Net Operating Income divided by Purchase Price) drop steadily to historically low levels, which in turn has led to purchase prices being driven upwards. Now is the time to take advantage of this market and either exit the business through a sale […]
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