Senior Living Investment Brokerage, Inc. was hired to sell skilled nursing and residential care community in Kansas City, Missouri. The property consisted of 180 skilled nursing beds and 68 residential care units (105 beds). The facility was originally built in 1979 and 1987 with renovations completed in 2009 and 2010 on the 110,085 square foot building on 14.17 acres. The Seller is a private, local owner and operator that was divesting in order to retire from the business. The Seller had purchased it shortly after it had been decertified and the new owner will complete the task of repositioning the facility. The Buyer is a leading provider of healthcare services headquartered in Illinois outside Chicago. They currently own and operate twenty skilled nursing facilities in Illinois.This was a strategic acquisition to enter a new state. Senior Living Investment Brokerage, Inc. procured seven offers within two weeks of commencing marketing of the property with five of the offers above $12,750,000. The property ultimately sold for above the Sellers expectations by $350,000. The census at the time of the sale was 69% for the SNF and 61% for the RCF. The cap rate was 7.20% with a GIM of 1.3X. For additional information, please contact Senior Living Investment Brokerage, Inc. Patrick Byrne or Jeff Binder at 314/961-0070 or Ryan Saul at 630/858-2501.

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Ryan Saul was recently engaged to sell assisted living and memory care facility in Goshen, Indiana. The 80 unit community was originally constructed in 2004 (55 units) with a 2007 addition of 26 units (one currently used as an office). The building is comprised of approximately 92,156 square feet on 6.78 acres. At the time of the sale, the overall occupancy was 98%. The sale price of $14,000,000 included approximately $9,800,000 of HUD debt at 2.55% interest which was assumed by the Buyer. The Buyer owns a nursing home on the adjacent parcel giving the new owner a continuum of care campus. For additional information, please contact Ryan Saul at 630/858-2501 or [email protected]

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