Northeast Owner Heads To South Carolina

As an owner/operator was exiting the assisted living industry, and trying to sell its 31-unit AL/memory care community in Santee, South Carolina (situated halfway between Columbia and Charleston), a Northeast-based owner/operator swooped in and purchased it, marking its entry into the state. Shades of 1865…but we digress. The previous owner was based in neighboring Georgia, […]

Byrne Sells in Sedalia

Rural seniors housing communities, even when they are relatively newly built, often come with a risk. Located far from high-density and high-income areas, these communities can sometimes struggle to maintain consistently high occupancy or strong levels of cash flow, especially if there is a significant Medicaid census. However, the right operator can find success in […]

Summer Sales at Senior Living Investment Brokerage

Senior Living Investment Brokerage ended July with two closings. First, a family owner that had operated a pair of Texas skilled nursing facilities for decades recently decided to sell to an independent owner/operator based in the Waco area for $9.35 million, or about $38,000 per bed. Built in 1978 and 1964, respectively, the 131-bed facility […]

Assisted Living Purchase in the Idaho Panhandle

Jason Punzel and Brad Goodsell of Senior Living Investment Brokerage helped a local operator in Rathdrum, Idaho (in the state’s panhandle) sell their only seniors housing asset. Despite its rural location, the assisted living community operated well. Built in 2005 with expansions in 2007 and 2013, it operated at over a 35% margin on approximately […]

After Filling in 30 Days, Georgia Assisted Living Community Sells

Brad Clousing of Senior Living Investment Brokerage sold a brand-new assisted living/memory care community in Blue Ridge, Georgia, which is already 100% occupied. In fact, the community filled in just 30 days after its October 2016 opening and has more than 20 people on the wait list with deposits made. Quite impressive. A local developer/operator […]

Birchwood Moves Into Forest Park

Equipped with a new roof and a new upgraded license, a 50-unit assisted living community in Forest Park, Georgia sold to Birchwood Healthcare Properties for $4 million, or $80,000 per unit. Originally built in 2000, the community was owned by a local doctor, who has decided to exit the business after retirement from his medical […]