Sales are still getting done at Senior Living Investment Brokerage, with Brad Clousing, Jeff Binder and Patrick Burke handling the sale of a 78-unit assisted living community in Northport, Alabama. In 2019, Mr. Clousing had also sold a 161-bed skilled nursing facility in Northport, so we’re sure that experience helped in this transaction.
Built in 1999, the community is situated on about four acres along the Black Warrior River near Tuscaloosa. In addition to the 68 assisted living units, it includes 10 units and 16 beds of memory care.
A Mid-Atlantic-based owner/operator bought the community, its second in the state of Alabama, and plans to invest in physical plant improvements and work with the local community to improve census in addition to managing expenses. No purchase price was disclosed.
