This covers all seniors housing and care transactions closed by Senior Living Investment Brokerage.
Its complex past didn’t stop an assisted living community in North Carolina from selling to an in-state operator, albeit for a price of $1.7 million, or just $13,900 per unit. The property’s owner, a regional operator based in the Tar Heel State, originally built it as a skilled nursing facility in 1984. However, when they […]
Cheers to Matthew Alley, who just sold his 100th facility in the state of Texas since joining Senior Living Investment Brokerage in 2006. In what was his 69th transaction in the state, Mr. Alley (and Patrick Byrne) represented a public healthcare REIT in its disposition of a 75-bed SNF in the Texas Panhandle, in the […]
A healthcare campus in Cleveland, Ohio with both skilled nursing and Medicaid-waiver assisted living beds just sold to its in-place operating group. Ryan Saul and Brad Clousing of Senior Living Investment Brokerage represented the private partnership seller, which was divesting the property to focus on other investments and areas of the country. Originally built in […]
Certainly having seen better days, a 120-bed skilled nursing facility in Bastrop, Texas with occupancy just below 50% sold for $3.5 million, or $40,700 per operating bed. Originally built in 1987, the facility is licensed for 120 beds, but operated at just 86 beds at the time of the sale, with EBITDA around breakeven. A […]
A few weeks after HCR ManorCare filed a pre-packaged bankruptcy petition, yet another one of its skilled nursing facilities has been sold. This facility is located in Yeadon, Pennsylvania, which is outside of Philadelphia, and Tryko Partners was the buyer. Built in 1995, the 129-bed facility is located adjacent to Mercy Fitzgerald Hospital, which is […]
Jeff Binder, Brad Clousing and Ryan Saul of Senior Living Investment Brokerage represented a public REIT in their divestment of a Grand Rapids, Michigan-area assisted living/memory care community as part of a broader repositioning effort with its existing tenant portfolio. Built in 2001, the community is located in the town of Kentwood, about 10 miles […]
Toby Siefert and Brad Clousing of Senior Living Investment Brokerage teamed up to sell a 183-bed Washington, D.C. skilled nursing facility for $30 million, or a well above average $163,900 per bed. Built over 35 years ago adjacent to a local medical center, the facility had recently undergone $1.0 million in capital improvements, certainly lowering […]
A Southern California-based regional operator is heading north, to Petaluma (about 40 miles northwest of San Francisco), to acquire and take over management of a 40-unit memory care community. Previously owned by a TIC investor, who decided to divest the asset to realize their investment objectives, the community was built in 1996 on a 1.68-acre […]
Ryan Saul of Senior Living Investment Brokerage facilitated the sale of a 156-bed skilled nursing facility in New Albany, Indiana, on behalf of the same investor he sold the property to roughly 10 years ago. Located across the Ohio River from Louisville, Kentucky, this one-story facility was built in 1974 with 152 beds. The current seller, TMV […]
After developing and stabilizing its 40-unit assisted living community in Richland, Mississippi, a local owner/operator decided to exit the asset with the help of Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage. The seller built the community in 2014 and licensed it for 55 beds in a mix of private and semi-private units. […]