Patrick Byrne has leased a 76 Bed Skilled Nursing Facility in north Saint Louis County. As part of the lease agreement, a purchase option was executed as well. The facility has always stood out as one of the area’s best providers and boasts a quality physical plant to complement it’s great reputation. Located in a middle class municipality, the facility has historical census ove 90% with an emphasis on Alzheimer care. The Lessee is based in St. Louis but lacked a presence in this market. This offered a strategic acquisition near their home office. For additional information, please contact Pat Byrne at 314/961-0070 or firstname.lastname@example.org
Senior Living Investment Brokerage, Inc. will once again be sponsoring the National Investment Center Conference September 26th-28th. Ryan Saul, Managing Director will be speaking 3:30-5:00 on Thursday: Not All Valuations Are Created Equal: Pricing Variables Today—and Tomorrow.
Call or email one of our brokers to schedule an appointment to meet while at the conference or stop by our table at the Meet the Investors Reception.
Ryan Saul sold a 180 bed skilled nursing facility in Northwest Indiana. The facility was built in 1972 and was in excellent condition. The census at the time of sale was 80% with a 38% quality mix. Senior Living Investment Brokerage, Inc. conducted a confidential sales process while fieldng multiple offers that resulted in a record price per bed for a skilled nursing facility in the State of Indiana. Ryan, working with the Seller, negotiated a sale price of $12,850,000 ($71,389/bed) for an 11.7% cap rate. The Seller is a regional owner/operator that has utilized Ryan’s services in the past. This particular facility does not fir their prototype of skilled beds combined with assisted living. Ryan was able to identify a Buyer from outside of Indiana. The Buyer currently owns 12 facilities and were actively looking to diversify their portfolio. They plan on focusing on certain cost centers and raising census. for additional information, please contact Ryan Saul at email@example.com or at 630/858-2501.