Matthew Alley has sold an 110 bed skilled nursing facility in Western Texas. The facility is in a rural area and is the only facility in the county. The one-story, 33,600 square foot building was constructed in 1996. At the time of sale, the census was 82% and the facility sold for a 12.5% capitalization rate. The facility was operated by a regional operator out of the Dallas-Fort Worth area and owned by a publicly traded REIT. The Buyer is an owner/operator from Central Texas with several facilities throughout the state. The purchase was financed by a local community bank. For additional information, please contact Matt Alley at 630/858-2501 or firstname.lastname@example.org
Jeff Binder, Brad Clousing and Toby Siefert have sold 2 Independent Living and Assisted Living campuses in Pennsylvania. Both campuses offered a mix of personal care and memory care units. In addition, one of the sites had privately owned, two bedroom cottages while the other site has independent living units and owner occupied condominiums. The campuses have a total of 184 units and current census was 85%. The properties sold for over $100,000/unit at an 8% capitalization rate. The facilities are both located in desirable markets with strong demand for quality, purpose built seniors housing. The Sellers, a local group, had decided to retire and this was their only senior housing assets. Senior Living Investment Brokerage was hired for their reputation and ability to maintain confidentiality throughout the sales process. Senior Living was able to procure multiple qualified offers on the properties. The Buyer is a regional owner/operator with plans to continue to grow their operating presence in Pennsylvania. For additional information, please contact Toby Siefert or Brad Clousing at 630/858-2501 or Jeff Binder at 314/961-0070.
Matthew Alley and Jeff Binder sold an 131 unit independent living facility in Texas. Senior Living Investment Brokerage was hired to confidentially market this attractive, three story independent living facility located in Longview, Texas. The building, constructed in 1985 and 2010, is 102,350 square feet and offers a nice mix of studio, one and two bedroom apartments and offers ample amenities. The property has a strong operating history, including several years at, or near, full census. Additional care services are provided by a third party, unaffiliated home health agency. The facility is on 4.52 acres with an additional 1.62 parcel of land included in the sale which could be used for future development. The stable financial history, solid reputation and quality location helped secure multiple offers leading to a sale price of $13,000,000. The buyer is a national owner/operator of seniors housing facilities. Senior Living Investment Brokerage, Inc. was chosen to represent the seller for our reputation and ability to selectively market the facility in a confidential manner. For additional information, please contact Jeff Binder at email@example.com or Matt Alley at firstname.lastname@example.org