Toby Siefert, Nick Cacciabando and Pat Byrne of Senior Living Investment Brokerage, Inc. recently sold a four facility portfolio of skilled nursing facilities in the Northeast. The Buyer and the Seller agreed to close on each facility separately as the change of ownership for each location was approved. A 105 bed skilled nursing facility in New Jersey was the first facility to transfer ownership. The property was originally constructed in 1963 and there is additional land on site for future expansion. The property consists of 44,652 square feet with 5 private resident rooms and 50 semi-private resident rooms. The census was 76% with a quality mix of 29.7%. The building had been well maintained with over $1.7 million in CapEx between 2010 and 2013. Senior Living Investment Brokerage, Inc. procured multiple offers for the portfolio as well as for individual facilities within the portfolio. It was in the Seller’s financial interest to sell the properties as a portfolio. The sales price for this property was $9,900,000. For additional information, please contact Senior Living Investment Brokerage, Inc. at 314/961-0070 for Pat Byrne or Nick Cacciabando or 630/858-2501 for Toby Siefert.
