Brad Clousing and Ryan Saul Handle Confidential Assisted Living Sale

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Senior Living Investment Brokerage, Inc. handled a Confidential Assisted Living Sale in Ohio recently. The sale consisted of two assisted living communities. One of the communities is 71 units, built in 1984 and is approximately 52,291 square feet on 3.92 acres. The other assisted living community is 76 units, built in 1989 and is approximately 53,382 square feet on 5.36 acres. Overall census was 82%. Senior Living was able to procure multiple offers while maintaining confidentiality. The Buyer is a private owner based in Kentucky. All other information on this transaction is confidential. For information on how Senior Living Investment Brokerage, Inc. can assist you with a confidential sale or purchase of a seniors housing community, contact Ryan Saul or Brad Clousing at 630/858-2501

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Ryan Saul and Jeff Binder Sell Seniors Housing Community

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Ryan Saul and Jeff Binder Sell Seniors Housing Community in Iowa. Senior Living Investment Brokerage , Inc. was hired to sell a Skilled Nursing and Residential Care Facility (SNF/RC) and an Independent Living Community (ILF). Construction was 1965 – 2003 for the SNF/RC and in 1936 and 1986 for for the ILF. The 160 bed SNF is approximately 68,457 square feet on 8.52 acres. A portion of the building lacked a sprinkler system. Census at the time of sale was 35%. The ILF is approximately 45,553 square feet on 5.41 acres. The occupancy of the ILF at the time of sale was 74%. The communities are within a half a mile of each other. The Seller was a public REIT that divested a non-core, under-performing asset. The Buyer is an operator based in Indiana. They own other communities in Iowa so they plan on gaining operating efficiencies on expenses and leverage a strong regional leadership team. They plan to invest in the skilled nursing facility physical plant to attract residents an increase census. They will also need to install a complete sprinkler system in the SNF. For additional information on this seniors housing community or to discuss other seniors housing opportunities, please contact Ryan Saul at [email protected] or Jeff Binder at [email protected] of Senior Living Investment Brokerage, Inc.

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Matthew Alley Closes on Assisted Living Transaction

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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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Jason Punzel Sells Independent Living Communities in Washington

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Senior Living Investment Brokerage, Inc recently sold two Independent Living Communities in Washington. One of the Independent Living community is 38 units and was built in 1986 while the other property is 43 units and was built in 1987. Senior Living Investment Brokerage was able to procure multiple offers from local, regional and national buyers. The Buyer chosen is a regional operator headquartered in the Pacific Northwest. The Buyer will manage the communities and plans to invest in capital improvements at both locations. The cap rate was 11.7% with an average census of 90%. For additional information on this Independent Living Community or to inquire as to how Senior Living Investment Brokerage can assist you, please contact Jason Punzel at 630/858-2501 or [email protected]

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