Senior Living Investment Brokerage Sells Michigan Senior Care Campus
Ryan Saul, Joe Young and Brad Clousing of Senior Living Investment Brokerage successfully sold a senior care campus in Jackson, Michigan. Originally built in 2010, the property comprises 90 total units, split between 50 private skilled nursing beds and 40 assisted living units. Historically, it operated well with occupancy consistently around 95%. Census was impacted during the Michigan stay at home mandate, but it quickly recovered above 90% again. The campus also boasted a quality mix above 50%, making it an attractive acquisition prospect, we are sure. The seller was Trilogy Health Services, which owns and operates communities across Michigan, Indiana, Ohio and Kentucky. With an... Read More »
Two Texas SNFs Acquired
Senior Living Properties, through its affiliate SLP Operations LLC, acquired two skilled nursing facilities in Texas, bringing its total portfolio in the Lone Star State to 41 facilities. The acquisition included a 111-bed facility in West Orange (on the border with Louisiana) and a 107-bed facility in Texas City, about 40 miles southeast of Houston on Galveston Bay. Both facilities offer skilled nursing, physical therapy, post-acute care, long-term care, rehabilitation services, respite care and memory care. Just last month, SLP Operations acquired two other Texas facilities In Mineola and Johnson City. Matthew Alley of Senior Living Investment Brokerage handled the... Read More »
Senior Living Investment Brokerage Announces Four Closings
The floodgates opened at Senior Living Investment Brokerage. Just as we entered July, the firm announced four closings for three skilled nursing facilities and a memory care community. Jason Punzel, Brad Goodsell and Vince Viverito first represented a local owner/operator in their sale of a 59-unit memory care community in Springfield, Oregon (Eugene MSA). This was the seller’s only senior living community, but they will stay on as a consultant post-closing. Originally built in 1988 and expanded in 1996, the community comprised nine buildings across the 5.06-acre campus. It was well occupied at 98%, but new ownership could improve the operating margin which stood at 17% on about $6.52... Read More »
Senior Living Investment Brokerage’s Brookdale Sale
Sales are still getting done at Senior Living Investment Brokerage, with Brad Clousing, Jeff Binder and Patrick Burke handling the sale of a 78-unit assisted living community in Northport, Alabama. In 2019, Mr. Clousing had also sold a 161-bed skilled nursing facility in Northport, so we’re sure that experience helped in this transaction. Built in 1999, the community is situated on about four acres along the Black Warrior River near Tuscaloosa. In addition to the 68 assisted living units, it includes 10 units and 16 beds of memory care. A Mid-Atlantic-based owner/operator bought the community, its second in the state of Alabama, and plans to invest in physical plant... Read More »Schedule a demo
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