Senior Living Investment Brokerage Closes Rocky Mountain Transaction
An institutional owner engaged Brad Clousing, Jason Punzel and Jeff Binder of Senior Living Investment Brokerage to sell two senior living communities in two western states. Totaling a combined 107 units, split between 61 independent living and 46 assisted living units, the deal included a community built in 1995 in Cody, Wyoming and one in Great Falls, Montana that opened in 2003. Both were former Emeritus properties that have since been operated by Brookdale Senior Living. They’re in good condition, but occupancy could be improved, currently sitting at 72% at the Cody location and 87% in Great Falls. An Oregon-based regional owner/operator believes its... Read More »
Lessons Learned From 2020 & Looking to the Future: An Interview with Ryan Saul
Ben Swett, Editor of The SeniorCare Investor, sat down (virtually) with Ryan Saul of Senior Living Investment Brokerage to discuss what happened in 2020 for senior care M&A. What facilities were popular targets, how prevalent was price discounting, how did federal stimulus keep many owners on the sales sidelines? Mr. Saul also shared his thoughts on what we may be facing in 2021. Read More »
SLIB Sells Sacramento-Area Seniors Housing Community
Eskaton, a California-based not-for-profit provider of senior care services, decided to sell its Sacramento-area seniors housing community, enlisting the help of Brad Goodsell, Jason Punzel and Vince Viverito of Senior Living Investment Brokerage to get the deal done. Built in 1981 with several renovations since then, the Orangevale community features 90 units and 136 beds of both assisted living and memory care services. Occupancy was 77%, and the facility reported negative EBITDAR on about $4.86 million of revenues. Eskaton divested the facility after a 2019 verdict forced the company to pay $42.5 million in punitive and compensatory damages to the family of a woman who... Read More »
Senior Living Investment Brokerage Handles Memphis-Area Sale
Bradley Clousing and Daniel Geraghty of Senior Living Investment Brokerage handled the sale of a skilled nursing facility in West Memphis, Arkansas. Consisting of 85 beds in 49 units, the facility is situated along the Mississippi River on the Arkansas-Tennessee border. It was built in 1975 and includes a well-maintained physical plant. Occupancy was low, at 55%, and since the census has dropped due to COVID, plus this facility being a geographic outlier, we can’t imagine it was overly profitable. It was owned by an Arkansas-based regional owner/operator that decided to divest this asset from its portfolio. Another regional owner/operator stepped in to acquire the facility, closing at the... Read More »Schedule a demo
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