Matthew Alley Closes on Assisted Living Transaction
Matthew Alley of Senior Living Investment Brokerage, Inc. recently closed on a 72 Bed Assisted Living transaction in Texas. The community is comprised of 60 units but is licensed for 72 beds. The building, constructed in 1997, is approximately 35,030 feet and is situated on approximately 7.87 acres of land. The assisted Living Community is located 65 miles northwest of Austin. The census at the time of sale was 73% and sold at a 6.5% capitalization rate. The Seller was a Texas based owner operator that focuses on skilled nursing. The Buyer is an independent owner operator headquartered in the Dallas/Fort Worth metropolitan area. For additional information on this assisted living transaction or on other transaction completed by Matthew Alley, please contact Matt at 630/858-2501 or [email protected]
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