Toby Siefert Hired to Sell Skilled Nursing Facility in the Northeast

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Senior Living Investment Brokerage Hired to Sell Skilled Nursing Facility

Toby Siefert of Senior Living Investment Brokerage, Inc. recently sold a 30 Bed Medicare/Medicaid Certified Facility in Northern Vermont. Senior Living Investment Brokerage, Inc. was hired to market the community because it was the smallest property in the owner’s portfolio and did not fit their investment objectives. The site did not offer the opportunity for expansion. The physical plant was older and had certain limitations. Census at the time of sale was 81% with a quality mix of 50%. The Buyer is a local family that owns and operates a seniors housing/long term care community in the same town. For additional information on this transaction or questions regarding the value of your seniors housing/long term care facility, please contact Toby Siefert of Senior Living Investment Brokerage, Inc. at 630/858-2501 or [email protected]

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Ryan Saul Announces Illinois Skilled Nursing Facility Sale

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Ryan Saul of Senior Living Investment Brokerage recently announced a Skilled Nursing Facility sale in Illinois. The sale also included a rehab company, in-house therapists and a staffing company. The 106 bed community was originally built in 1972 with a 16 bed, 10,000 square foot addition completed in 1985. The therapy wing was added in 2008 and an interior renovation was completed in 2009. The entire facility is comprised of approximately 40,933 square feet and is in 4.89 acres. At the time of the execution of the sales contract, occupancy was 93% on 100 functional beds and the contract price was $13,500,000. But based on a census MAC clause, the final sales price was adjusted by ($127,358). The Seller was a family owned business exiting the long-term care industry. Due to current market M & A conditions, they made the decision now was an ideal time for them to divest of their skilled nursing facility and retire.The Buyer, a private family based organization, was also based out of Illinois and owns and operates a nearby skilled nursing facility. The Buyers intend on doing an expansion to the current building with all private suites. The quality mix at the time of sale was 98%. The transaction closed at an 8.23% cap rate, 0.70 GIM and over $126,000 per bed. For additional information on this Skilled Nursing Facility Sale or for a confidential analysis of your seniors housing property, contact Ryan Saul of Senior Living Investment Brokerage, Inc. at 630/858-2501 or [email protected]

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Senior Living Interviewed by SHN on the current market

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Sell Nursing Home

 

If you are looking to buy or sell senior housing, the market is always changing. Trust Senior Living Investment Brokerage, Inc. to give you up-to-date market information.

Senior Housing News recently interviewed our firm on the current market. Here is the article.

Click here – FULL SENIOR HOUSING NEWS ARTICLE

For more information or to discuss your buying and selling needs, contact Ryan Saul.

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Matthew Alley Procures Skilled Nursing Facility Sale

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Matthew Alley of Senior Living Investment Brokerage, Inc. recently closed on a Skilled Nursing Facility Sale in Texas. The sale consisted of a 51 Skilled Nursing Facility that had recently closed. Prior to closing of the facility, the census was 45.5%. The property, consisting of 17,545 square feet on 2 acres and built in 1970, is in a rural community approximately 100 miles west of Fort Worth. The Buyer of the property owns the only other Skilled Nursing Facility in this rural town and many of the residents moved to the Buyer’s facility. The Medicaid beds from this facility were transferred to the Buyer at closing. The Seller is a private owner/operator and the Buyer is a regional owner/operator headquartered out of Houston. For additional information on this Skilled Nursing Facility sale or to discuss the sale of your Seniors Housing property, contact Matthew Alley of Senior Living Investment Brokerage, Inc. at [email protected] or 630/858-2501.

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