Monthly Archives: June 2013

June 25, 2013
Grant Kief

Ryan Saul Sells 50 CON Beds in Ohio

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Ryan Saul has sold 50 Certificate of Need (CON) Beds in Ohio.  The Seller was looking to retire from the business and this was the only property he owned.  Because the facility was originally constructed in 1897 as a hospital and renovated in 1945, it was functionally obsolete.  Therefore, Senior Living Investment Brokerage, Inc. was able to sell the beds and the owner donated the vacant building to a not-for-profit for the tax benefit.  The Buyer is a regional owner/operator with 8 facilities in Western Ohio.  This was a strategic acquisition as they are focused on growing their regional company.  The Buyer plans on building a campus nearby that includes assisted living and skilled nursing.  For additional information, please contact Ryan Saul at ryansaul@slibinc.com or 630/858-2501.  Congratulations Harry and enjoy your retirement.

June 24, 2013
Admin

What to do about Alzheimer’s?

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Most development I have seen across the country has been for residents with Alzheimer’s.  Will it be enough?  If you know anyone that has Alzheimer’s, it is a terrible disease.  As the US population ages and grows, the number diagnosed is expected to triple by 2050.  They are predicting close to 14 million people will be affected by the disease.  This is millions more that previously anticipated.
This is going to be a huge challenge for our society and will challenge caregivers, facilities and personal financial safety nets.
Owners and operators of Seniors Housing should be preparing now for the tidal wave of those affected with Alzheimer’s disease.  Repositioning assisted living and independent living facilities is an ideal way to serve these residents.
If you have thought about buying or selling a memory care, Alzheimer’s, or assisted living facility, please contact Ryan Saul.
June 17, 2013
Grant Kief

Matt Alley Sells Texas CON

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Matt Alley has sold a 56 bed Medicaid Certificate of Need in Texas.  The buyer is a developer located in East Texas with several facilities in Texas.  The buyer will benefit from the additional Medicaid beds that the state issues when a new facility is built.  For additional information please contact Matthew Alley at alley@slibinc.com or 630/858-2501

June 14, 2013
Grant Kief

Matt Alley and Ryan Saul Sell Texas Skilled Nursing Portfolio

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Ryan Saul and Matthew Alley have sold 3 Skilled Nursing Facilities in Texas,  The facilities combined for a total of 337 beds.  They were operated by a regional operator based in San Antonio and owned by a trust.  The Buyer is a publicly traded owner/operator with other facilities in Texas.  The properties are older (one built in 1940 while the other two were built in the 1970’s) and the new owner will invest in the communities and hope to increase cash flow by improving operating efficiencies.  There is also room for improvement in census at two of the facilities.  For additional information, please contact Matt or Ryan at 630/858-2501.

June 11, 2013
Admin

Senior Living Investment Brokerage Sponsors Football Clinic

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Senior Living Investment Brokerage was one of the lead sponsors for the 2nd Annual Youth Football Clinic for Africa New Life.  The clinic was formed to raise funds for providing water at a building in Kageyo, Rwanda.  The clinic raised over $5,000 for Africa New Life (http://www.africanewlife.org/). 

Please see the following link to an article on the clinic. http://www.dailyherald.com/article/20130515/sports/705159755/

Thank you Senior Living for your support.

Matthew Alley
Managing Director