Memory Care Facility Sale

Jason Punzel recently facilitated a Memory Care Facility sale located in California. The community is located about 70 miles north of Sacramento and 20 miles south of Chico. The first phase of the memory care community was built in 2002 and was extensively renovated and expanded in 2008. The community consists of a 33 unit, 55 bed main building and a 3 unit, 5 bed smaller building next door for a total of 36 units and 60 beds. The census at the time of sale was 50 residents. The property encompasses 2.5 acres and has an additional 2.5 acres (5 acres total) for future expansion.

Sale Overview

The Memory Community Sale was $5,950,000 or $165,300 per unit. The capitalization rate at the time of sale 9.0%.

Senior Living Investment Brokerage, Inc. Seller Representation

The Seller is a local owner operator who is retiring from the business. The Buyer is a local owner operator that owned two additional memory care communities nearby and is working on expanding his regional footprint.

Contact Jason Punzel

For additional information on this Memory Care Facility Sale or for a valuation on your seniors housing property, please contact Jason Punzel of Senior Living Investment Brokerage, Inc. at [email protected] or 630/858-2501

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Assisted Living Community Sale

This transaction consists of two assisted Living communities with a total of 86 units located in two different towns in South Dakota. They are about an hours drive from one another. The first assisted living community is comprised of a total of 60 units. It is approximately 25,663 square feet and is situated on approximately 1.9 acres of land. It was originally constructed in 1995 as a purpose built assisted living community. The other assisted living community is comprised of a total of 26 units. It is approximately 15,800 square feet and is situated on approximately 4.73 acres of land. It was originally constructed in 1997 as a purpose built assisted living community. Both properties have been very well maintained and enjoy good reputations in their respective markets. The MSA population of the first community is approximately 150,000 and the population of the county where the other community is located is approximately 26,000. The census at the time of sale was 53% and the combined communities were losing over $600,000 (EBITDA) annually.

Seller Representation

Despite some of the challenges in marketing properties with negative cash flow, Senior Living Investment Brokerage, Inc. was able to implement an effective marketing plan on behalf of the Seller and procure a qualified Buyer for the two assets and close in a timely manner. The Seller was a local hospital network seeking to divest of the assisted living communities in order to focus on their core business. The Buyer is a Private Equity group based in Southern California. They secured Northstar Senior Living to manage the properties on their behalf.

Contact Senior Living Investment Brokerage, Inc.

For additional information on this Assisted Living Community Sale or on how Senior Living Investment Brokerage, Inc. can assist you with the sale or purchase of an assisted living community, please contact Jason Punzel of Senior Living Investment Brokerage, Inc. at [email protected] or 630/858-2501

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