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.
