Drawing on plenty of experience selling county-owned skilled nursing facilities, Joshua Jandris, Mark Myers and Alex Vice of IPA Seniors Housing just sold their first in the state of Ohio. Although this was the team’s first county-owned SNF sale in the state, it was their 64th overall in Ohio (for $600 million in total transaction value) and 21st county-owned SNF deal to date. Quite prolific.
Owned by Auglaize County, which was looking to follow many counties out of the long-term care industry, this 91-bed facility in Wapakoneta was originally built in 1909 with a renovation in 1976. Its new owner, Auglaize Holdings LLC will lease the facility to Alternative Living Solutions, which has already been managing the property since October. The final purchase price came to $1.7 million, or $18,700 per bed.
