Matthew Alley and Ryan Saul recently sold a 137 Bed/Unit Continuing Care Retirement Community (CCRC) in Indiana. The asset, built in 2002, consists of 52 Independent Living Units, 41 Assisted Living Units, 14 Memory Care Units and 30 Skilled Nursing Beds. It is 3 stories, approximately 138,920 square feet on 37.85 acres. Located 25 miles southwest of Fort Wayne, the census at sale was 83% and was marginally profitable. The sale was a Chapter 11 planned bankruptcy sale. Senior Living Investment Brokerage procured multiple offers and closed the transaction within 90 days of commencing marketing. The Buyer is a regional owner/operator with other communities in Indiana. For additional information please contact Ryan Saul or Matt Alley at 630/858-2501
Jeff Binder and Ryan Saul recently worked together to sell a memory care and assisted living community of 124 units in Indianapolis, IN. The community consists of 82 assisted living units and 42 memory care units. The assisted living wing was constructed in 1999 and renovated in 2009 whereas the memory care wing was constructed in 2007. The community is comprised of 113,000 square feet on 2.5 acres. At the time of sale, the overall census was approximately 80%. The Seller of the memory care and assisted living community was a publicly traded REIT utilizing a regional operator. The Buyer is a private, regional owner that sold their portfolio a few years ago and is seeking to reenter the seniors housing market. The new owner plans to increase occupancy by bringing in a Medicaid Waiver certification and focus on building census. Senior Living Investment Brokerage sold the facility for $17,000,000. For additional informaton, please contact Ryan Saul at [email protected] or Jeff Binder at [email protected]
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