![Senior Living Investment Brokerage Ends April With Three SNF Sales](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/09/bigstock-209104795-e1537292999325.jpg)
![Senior Living Investment Brokerage Ends April With Three SNF Sales](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/09/bigstock-209104795-e1537292999325.jpg)
![SLIB Arranges Three Seniors Housing Transactions](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/01/bigstock-210553903.jpg)
SLIB Arranges Three Seniors Housing Transactions
Bradley Clousing and Matthew Alley of Senior Living Investment Brokerage continued the firm’s impressive run into the seniors housing M&A market (read about their skilled nursing deals here), selling a 170-unit independent living community in Dallas, Texas. The property actually traded at the end of 2020, with CareTrust REIT (NASDAQ: CTRE) selling to Valstone Partners. Built in 1987 and thoroughly renovated in 2013 with additional capital improvements made in 2016, CareTrust had previously converted the remaining assisted living units to independent living. Occupancy had declined as a result, but it was steadily improving to the low-80s with a... Read More »![Senior Living Investment Brokerage Closes Two Value Add Deals](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2016/06/bigstock-Competitive-Advantage-Concept-118415714.jpg)
Senior Living Investment Brokerage Closes Two Value Add Deals
The Senior Living Investment Brokerage trio of Jason Punzel, Brad Goodsell and Vince Viverito sold three seniors housing communities across the country. Both deals involved properties with a good amount of upside, which is certainly not uncommon these days. The first deal involved a 73-unit assisted living/memory care community in central California. Their REIT owner decided to realign its portfolio, hence the sale. A regional owner/operator plans to remodel both communities. The SLIB team then sold a 67-unit independent living/assisted living community in Wayzata, Minnesota (Minneapolis MSA), that had been vacant since the early days of the pandemic. A number of COVID-19 illnesses caused... Read More »![Cedar Communities Acquires Georgia Seniors Housing Community](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2019/09/bigstock-d-Rendering-Of-A-Georgia-Stat-309691927-e1568745033560.jpg)
Cedar Communities Acquires Georgia Seniors Housing Community
Daniel Geraghty, Bradley Clousing and Dave Balow of Senior Living Investment Brokerage have sold a seniors housing community in the Georgia town of Statham, which is located in between Atlanta and Athens. A family owner/operator originally developed the community in 1997 and decided early in 2020 to divest their only asset and retire from the business. They are leaving behind a strong operation, as the property has consistently maintained occupancy between 90% and 100% across the 46 personal care units, all of which were studios. There is an opportunity to convert some of those units into two-bedroom options, as well as improve the operating margin. That is what... Read More »![SLIB Sells Underperforming Missouri Skilled Nursing Facility](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/01/bigstock-Sold-Home-For-Sale-Real-Estate-213110053.jpg)