Brad Clousing has sold a 120 Unit Assisted Living Facility for a UK based owner/operator. This was the only Seniors Housing property they owned and were looking to exit the market in the United States. The facility consisted of 114 studio units and 6 one bedroom units. The facility, built in 2008, boasted over 63,000 square feet and has been very well maintained. The census at the time of sale was 69% The Buyer looks to improve census and rates-the current resident mix is primarily private pay. The Buyer is a regional owner/operator who completed the transaction with bank financing through a regional lender. Brad was able to exceed the Seller’s expectations with a well implemnted marketing plan. For additional information, please contact BradClousing at 630/858-2501 or clousing@seniorlivingbrokerage.com
