Patrick Burke, Brad Clousing and Ryan Saul teamed up for a seniors housing sale of two communities. The first property is a 196 Unit Independent Living Facility built in 1987. The census at the time of sale was 70%. The second property, also built in 1987, had a census of 82% and is a 51 Unit Assisted Living and Memory Care Facility. The Buyer is a private investor based out of Virginia that hired a regional operator to manage the communities. The new operator has a strong track record in Tennessee and plans on using their marketing expertise to improve occupancy at both communities to increase the NOI. The Seller is a regional operator based out of the Southeast. Senior Living Investment Brokerage had previously sold these communities to the Seller. The in-place capitalization rate for both communities was 7.4%. For additional information on this transaction or for a confidential, professional proposal for the value of your community, please contact Ryan Saul, Brad Clousing or Patrick Burke of Senior Living Investment Brokerage, Inc. at 630/858-2501.

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Senior Living Investment Brokerage, Inc. was recently hired to for a Skilled Nursing Facility sale in Oklahoma. The seller of the 100 bed facility was a local family with over fifty years of experience in the local long term care business. At one time, the family owned three nursing homes in the local market. This was their last long term care asset and they are retiring from the business. The Buyer is a relatively new owner based out of Chicago. They have partnered with a regional operator with several facilities within a fifty mile radius of this property. The 33,550 square foot facility was built in 1985 and had a census of 76%. The property sold for a 8.1% cap rate and a 0.92X EGIM. For additional information contact Nick Cacciabando or Jeff Binder at 314/961-0070.

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