October 3, 2015
Grant Kief

Senior Living Sells Texas Assisted Living Portfolio

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Matt Alley and Toby Siefert of Senior Living Investment Brokerage, Inc. sold 9 Assisted Living Communities with a focus on Memory Care located in Houston and San Antonio area. Two of the properties were in the lease up stage and the other seven were stabilized. The properties were built between 2005 and 2014. Resident rates range from $5,500-$5,600 per month. The Seller is a private owner/operator and the Buyer is a non-profit entity expanding their presence in Texas. The purchase was financed through the issuance of bonds. For additional information, please contact Matt Alley at alley@slibinc.com or Toby Siefert at siefert@slibinc.com 630/740-0159