Blog – Page 32 – Ryan M Saul

Senior Living investment Brokerage Sells Assisted Living Community

September 25, 2015/in assisted living, assisted living community, exclusive listing, Jeff Binder, memory care, prepare to sell assisted living, sell memory care, Senior Living Investment Brokerage, Toby Siefert/by ryanmsaul

Toby Siefert and Jeff Binder sold a 47 Unit Assisted Living and Memory Care Community that included 2 cottages (3 units each) on 6 acres in Virginia. With 84 total beds, the monthly market rates ranged from $4,050-$5,100 per bed/month. It was sold by a private owner who decided to exit the seniors housing business. The Buyer is a private REIT based on the West Coast who partnered with a national operator. Located 75 miles outside Washington D.C., the community offered an affordable alternative and allows for higher acuity due to I-2 construction. The purchase price was $14,300,000 or $270,000 per unit. The census was 91%. For additional information, please contact Toby Siefert at [email protected] or Jeff Binder at [email protected]

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Bradley Clousing Sells Skilled Nursing Facility in Florida

September 24, 2015/in Brad Clousing, buy nursing home, Florida, Medicaid, Medicare, Payor Mix, sell nursing home, Senior Living Investment Brokerage, Skilled Nursing Facility/by ryanmsaul

Brad Clousing has sold a 120 Bed Skilled Nursing Facility in Jacksonville, FL for a local non-profit organization. This was the only skilled nursing asset owned and operated by the Archdiocese of St. Augustine. The facility, built 1992 and in good condition, was at 87% census with only 6% Medicare census. The Buyer is a Florida based owner/operator and this is their 10th location in Florida. The purchase price was $11,000,000. Senior Living Investment Brokerage was able to procure multiple offers on the property. For additional information, please contact Brad Clousing at [email protected] or 630/858-2501

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Senior Living Investment Brokerage to Attend NIC and ASHA

September 23, 2015/in ASHA, NIC, Senior Living Brokerage, Senior Living Investment Brokerage/by ryanmsaul

Senior Living Investment Brokerage, Inc. will be represented by our entire team at the National Investment Conference and the American Senior Housing Association September 29th to October 2nd in Washington D.C. If you are attending and would like to meet with one of our representatives, please contact them directly or contact Grant Kief at [email protected] or 630/858-2501.

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What is the optimum and/or minimum size for a Seniors Housing Community sale?

September 18, 2015/in assisted living, assisted living community, assisted living sale, Capitalization Rate, independent living, independent living facility, internal rate of return, Jason Punzel, prepare to sell assisted living, sell retirement community, sell seniors housing, what is my property worth/by ryanmsaul

When considering a sale, there is no minimum size for an assisted living facility (or independent living facility). Different room counts will attract different types of buyers. A REIT or large private equity company will not have an interest in a single, 16 unit assisted living facility. Likewise, a local nurse typically will not have the financial ability to buy a 100 unit assisted living facility.

As a company, we have found that most larger Buyers have a minimum threshold of 40 units for an assisted or independent living facility, with a preference of over 60 units. However, there are exceptions to every rule. If there are multiple smaller facilities (15-25) units on the same parcel, or nearby, often times larger Buyers are still interested. We have also had a lot of success selling smaller communities (25-30+ units) that are in favorable locations in larger cities, newer, and specialize in higher end private pay residents who prefer a smaller setting. Recently, we closed on a newer 25 unit assisted living community in the Portland area that sold for over $220,000/unit. It was 100% private pay with high occupancy and excellent quality finishes. Since there are so many variables that factor into a purchase decision by any Buyer, it is important to work with an expert in valuing and selling a senior living community to ensure the optimal pricing and terms.

For more information on what your senior living community could be worth, please contact Jason Punzel at [email protected] or 630-858-2501 x 233.

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