Senior Living Investment Brokerage’s Matthew Alley, always active in Texas, added another sale to his resume, this one in the rural central Texas town of Knox City. Built in the 1960s, the facility featured 66 beds on 2.12 acres. It was losing money on about $1.7 million of revenues at the time of the sale, which was not helped by its 68% occupancy. The buyer, an independent owner/operator based in the Dallas-Fort Worth area, will focus on improving census and operating efficiencies. A local owner/operator sold it for $1.295 million, or approximately $20,000 per bed. With hard work, a profit can surely be made.