September 28, 2015
Grant Kief

Senior Living Represents Florida Assisted Living/Memory Care Seller

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Bradley Clousing and Ryan Saul sold a 64 Unit Assisted Living and Memory Care Community located in southwest Florida. The property has 48 units designated assisted living and 16 units for memory care. Built in 1983, it was extensively renovated in 2005/2006. The community boasts stabilized occupancy of over 95% and approximately 40% of the residents utilize managed care for funding. The Seller was a Virginia based private investor and the Buyer is a large capital goup and it will be operated on their behalf by a Florida based operator. The 43,428 square fot building sold for $7,450,000. For additional information on how Senior Living Investment Brokerage, Inc. can assist you, please contact Ryan Saul at ryansaul@slibinc.com or Brad Clousing at clousing@slibinc.com