Senior Living Investment Brokerage, Inc. recently announced a 96 Bed Skilled Nursing Facility Sale in Wichita, Kansas. Census was 67% (92% Medicaid) at the time of sale. Original construction of the 32,882 square foot home was in 1968. The selling entity is a private owner based in Georgia. This was an outlier for them and the sale proceeds are being used to reduce the debt at another property they own. The Buyer is a private REIT based out of Chicago. A regional operator has been retained. The new owners of the skilled nursing facility plan to invest capital into the physical plant in order to improve census and quality mix. For additional information on this skilled nursing sale or to schedule a meeting to discuss how Senior Living Investment Brokerage, Inc. can assist you in the sale of your seniors housing property, contact Ryan Saul at 630/858-2501 or Nick Cacciabando at 314/961-0070.
