Brad Clousing and Patrick Byrne recently sold a 64 unit Assisted Living Community in Bradenton, Florida. The community, built in 1989/98/2014, had a census of 64% and featured 34 assisted living units and 30 memory care units in a five building campus setting. The unit mix and layout provided for a mix of private pay and managed care residents (approximately 40%). The Seller is a Fort Lauderdale based investor planning to focus operations in the Broward and Miami-Dade markets. The Buyer is from the Midwest and this is their first acquisition in Florida. At the direction of the Sller, Senior Living Investment Brokerage was able to confidentially market the facility and field multiple qualified Buyers for consideration.
