Bradley Clousing Sells Skilled Nursing Facility in Florida

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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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When is the best time to list a seniors housing or nursing home community?

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I’m often asked when is the best time of year to list a seniors housing or nursing home asset?  We are all used to residential real estate agents telling us to list in the Spring while the weather is starting to change (at least for us Northerners).

Does it matter for seniors housing communities?

Yes and no.  While there is not the seasonality in the seniors housing market as there is in the residential market, there are good and less optimal times for getting buyers’ (even institutional buyers’) attention.

I would argue that we are entering into one of those sweet spots as we get into the middle of September.  Typically, Senior Living Investment Brokerage, Inc. has its highest volume of listings in September and early October.

Why is that?

During the Labor Day / beginning of October time frame, Buyers have made it through the Summer and are looking to deploy capital before the end of the year.  They are hoping to make one last push to meet their aggressive beginning of the year expansion goals.

With a typical 3-4 month closing period, now is as good of a time as any to consider listing your property with Senior Living Investment Brokerage, Inc.  We can help you procure the right Buyer, who can close the transaction prior to year-end.  Many Buyers are looking to “get money out the door” by December 31st and this may give you an advantage in coercing those groups into making a more aggressive bid than they would in the middle of the year.

If you have any questions on the topic of this post or would like a confidential valuation of part or all of your seniors housing portfolio, please contact Matthew Alley at 630-858-2501 ext. 225 or [email protected].

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Another nursing home portfolio sells $1.125 billion!

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Nursing Portfolio Sold

There aren’t many private nursing home portfolios left. Private and public REITs have been buying up available portfolios as fast as they come to market. In addition, these financial buyers have been strategically targeting quality portfolios that may not have even thought about selling.  In the news today, another nursing home portfolio sells in this torrid market.

Case and point, Griffin American Healthcare REIT III, Inc. announced today that they will acquire the Trilogy Health Services nursing home portfolio for $1.125 billion.  This is a blockbuster acquisition at a time that big portfolios and big announcements have been scarce.

The Trilogy Health Services portfolio consists of high quality, high Medicare facilities that are the market leaders in their respective communities.  The portfolio totals 96 communities in Kentucky, Indiana, Ohio and Michigan.

To read more, click here: Sale Details

Now is an ideal time to explore the sale of your community or portfolio.  Please contact Ryan Saul at Senior Living Investment Brokerage for a confidential proposal that will help determine market value.

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What will happen with Medicare?

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The Wall Street Journal recently published an article about rising Medicare cost and drawing attention to what they believe to be flaws in the system. It was a quality article that explains reimbursement and how it works. Here is the article:

How will this impact your nursing home? One would conclude reimbursement is a target for change.  What impact will that have on the value of nursing home? Contact me to learn more about what your nursing home sells for. Ryan Saul, 630-858-2501. Or [email protected].

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