Myers & Jandris Close South Florida Sale

Mark Myers and Josh Jandris of IPA Seniors Housing headed to sunny South Florida to sell a large 230-bed skilled nursing facility on behalf of the not-for-profit owner. Operations were solid at the property, with some room for improvement, with occupancy at around 79%, a quality mix of 14% and an operating margin of 10% on approximately $15.6 million of revenues. The deal was the Northeast-based private investor buyer’s first purchase in Florida. They paid $30.75 million, or $133,700 per bed, for the opportunity.

 

 

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