Patrick Burke and Matthew Alley recently sold a 178 unit Independent Living Community near Dallas/Ft. Worth. The property, built in 2002, is approximately 128,486 square feet on 5.74 acres of land. Due to a low census, the property was about break-even at the time of sale. The Seller is a commercial real estate firm and this was their only senior housing asset. The Buyer is a REIT and the Operator is an out of state firm. The new owner should be able to increase census and improve on the profit margins. For additional information, please contact Matt Alley at alley@slibinc.com or Pat Burke at burke@slibinc.com 630/858-2501
