Toby Siefert, Nick Cacciabando and Pat Byrne of Senior Living Investment Brokerage, Inc. closed on the second skilled nursing facility of a four facility sale. This community was located in Massachusetts with the New Jersey transaction already closed and sales in Vermont and Connecticut pending. The entire portfolio consisted of 436 beds at $27,000,000. The Buyer and Seller agreed to close on each individual facility as the change of ownership for each location was approved. This 1976 constructed skilled nursing facility consists of 73 beds in a one story, 18,541 square foot property. The census at the time of sale was 76% with a 20.8% quality mix. of the 73 beds, there are 13 semi-private resident rooms, 1 three-bed ward and 11 four-bed wards. At the time of sale, the EBITDA was ($41,489). Despite these challenges, Senior Living Investment Brokerage was able to procure multiple offers for the portfolio as a whole. For additional information, contact Senior Living Investment Brokerage, Inc. Toby Siefert at 630/858-2501. Pat Byrne or Nick Cacciabando at 314/961-0070
