SLIB Heads Southeast to Sell Sunlink SNF

A 100-bed skilled nursing facility in the affluent northern Georgia town of Ellijay was purchased by a private Northeast-based group looking to expand their current Peach State presence. Being the only facility in an area with a growing number of retirees, this SNF was consistently well occupied above 90%. Plus, once the adjacent hospital relocated […]

New York Real Estate Firm Enters SNF Market

Patrick Burke of Senior Living Investment Brokerage sold a pair of southern skilled nursing facilities to a Northeast-based real estate investment firm. Totaling 243 beds, the facilities were built between 1986 and 1990 and combined for 75% occupancy. The seller, an independent owner/operator, decided to exit the long-term care industry, after the problems started mounting […]

Mainstay Senior Living Expands North Georgia Presence

The original developer of a senior living community in Lawrenceville, Georgia was looking to move on to other development opportunities in North Georgia and hired Brad Clousing of Senior Living Investment Brokerage to exit the asset. Built in stages in 1992, 1996 and 2006, the community consists of two buildings, one of which has 32 […]

Second-Generation Owner Exits Skilled Nursing Business

Bradley Clousing, Daniel Geraghty and Toby Siefert of Senior Living Investment Brokerage helped a second-generation owner of a skilled nursing facility in Northport, Alabama (Tuscaloosa MSA) exit their only asset and the industry altogether with the facility’s sale. Built in stages from 1973 to 2008, the facility earned a good reputation in the local market […]

Naples Memory Care Community Gets Fresh Start

Wrapping up his work before the holidays, Brad Clousing of Senior Living Investment Brokerage sold a 72-unit memory care community in Naples, Florida. He found a Florida-based private equity firm to buy the community for $6 million, or $83,300 per unit. That buyer and the new operator, Concordis Senior Living, plan on making a few […]

SLIB Seals the Deal

Brad Clousing of Senior Living Investment Brokerage successfully sold a 32-unit assisted living community in Dawsonville, Georgia to a private partnership that includes affiliates of Gryphon Senior Living. Also helping to facilitate the deal was the Proprietary Loan Group at Hunt Real Estate Capital, which kicked off its balance sheet lending program with a $6.2 […]

Senior Living Investment Brokerage Rises This Fall

As September turned to October, Senior Living Investment Brokerage announced an impressive run of transactions. First, Jason Punzel, Brad Goodsell and Vince Viverito sold two memory care communities in California for $17 million, or $347,000 per unit, with a 9.5% cap rate. With that high price, you might assume the facilities had just opened or […]

Saul Closes Two Midwest SNF Sales

Ryan Saul of Senior Living Investment Brokerage closed out the month with two Midwest transactions. First, he sold a struggling SNF in St. Charles, Illinois. At 40-years old, the 120-bed facility struggled with cash flow (losing over $1 million in EBITDAR), while occupancy stood at just 58%, with a 55% Medicaid, 28% private pay/insurance and […]