Nick Cacciabando and Jeff Binder sold a 55 bed Skilled Nursing/19 bed Residential Care Facility in Central Kansas. The Seller is a regional owner/operator who was making a strategic divestiture to deploy capital and resources to other investment opportunities. The Buyer is a regional long-term care provider with a strong presence in Kansas. Their core business has centered on smaller, rural, skilled nursing facilities. With a successful history of increasing profit margins, this facility fits in well with their portfolio. The Buyer completed a simultaneous sale-leaseback with a private REIT. The facility was built in 1963 with numerous additions and renovations over the years. The facility census was 65% and sold at a 13.9% cap rate. For additional information, please contact Nick or Jeff at 314/961-0070.
