Monthly Archives: April 2012
Take a Number
Matt Alley Creates Fund Raiser for Africa New Life
Market have you down…stock market?
Tuesday saw the biggest one day drop in the stock market in 2012. Are you sick of losing a percentage of your net worth in one day because of some bad economic news? Why not take advantage of the low cost of capital? Why not buy a nursing home, assisted living facility or independent living facility? Now is a great time. There is lending available. There is great demand from potential residents. Unlike stocks, you have some control and say in your profitability. Sellers should take advantage of the strong demand, lack of supply and current capital gaines tax structure! We all know there is change coming down the pike. Take advantage of the great market today.
Call Ryan Saul at 630-858-2501 to learn about what your propery is worth or to learn about what we have for sale.
Bradley Clousing, Ryan Saul and Matthew Alley Handle Alabama Portfolio Sale
Senior Living Investment Brokerage, Inc. sold four facilities on two separate campuses for Mercy Medical, a local non-profit. Mercy Medical has been strategically divesting their assisted and skilled nursing assets to focus on their hospice and PACE programs. Senior Living Investment Brokerage assisted Mercy Medical in the sale of all seven of their assisted living and skilled nursing assets. These four assets are located on two different campuses, one in Daphne, Alabama, and one in Fairhope, Alabama. The Daphne site is approximately 37 acres and consists of a 60 unit ALF and a 64 unit Memory Care- SCALF. The facilities were built in phases between 2001 and 2005. The Fairhope site sonsists of a 95 unit ALF (1987-2002) and an 18 unit ILF villa community built in 2005. The Buyer assumed $2.0 million in projected life-care contract liabilities and also assumed a long-term ground lease as part of the transaction.
The Buyer was a joint venture between a regional operator from Texas and a REIT. The census at the time of sale was 70%. The sales price was $19,300,000 ($81,435/unit) at a 7.65% cap rate. For additional information, please contact Matt Alley, Ryan Saul or Brad Clousing at 630/858-2501.