SLIB Facilitates Sale of Pennsylvania SNF
The owner of a large skilled nursing facility in Scranton, Pennsylvania decided to sell the property when its tenant announced that it desired to exit operations in the Keystone State. Another Pennsylvania-based skilled nursing owner emerged as the buyer, for an undisclosed purchase price. Built in 1974, the facility is licensed for 272 beds and underwent an addition in 1997. It has been well maintained over the years. Bradley Clousing and Toby Siefert of Senior Living Investment Brokerage procured 12 offers in early 2021 and closed the sale on September 1. Read More »
SLIB Assists on Seniors Housing Sale in Oregon
After developing an assisted living community in Hillsboro, Oregon, a local owner/operator is exiting the industry with the sale of its last seniors housing asset. Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage helped with the sale. The community opened last year and was still in lease-up by the time of the sale, with occupancy reaching about 50%. It features 90 beds in 72 units and offers both assisted living and memory care services. A private equity firm based in Texas paid an undisclosed amount for the community and will use a Pacific Northwest operator as the manager. Read More »
Alta Senior Living Acquires North Tampa Community
Brad Clousing and Daniel Geraghty of Senior Living Investment Brokerage sold an 82-unit assisted living/memory care community in North Tampa, Florida. Developed in 2015 by the seller and operated by their affiliate management company, the community was an operational outlier for them, which prompted the sale. This was their last seniors housing asset in the Southeast. Alta Senior Living stepped in to acquire the property for an undisclosed price, building their operating presence in the state. Read More »
SLIB Handles Seniors Housing Sale in Upstate New York
The only licensed seniors housing community in Alleghany County, New York found a new owner, with Dave Balow of Senior Living Investment Brokerage handling the sale. Located in New York’s southern tier, this community was built in 1989 with 89 units and 137 beds of assisted living and memory care. It was the last asset owned by a private individual looking to retire, and operations were decent in 2019, with occupancy in the 80s and a 17% margin on under $3.38 million of revenues. However, COVID hit the community at the end of 2020, and although the owner cleared the building of COVID roughly six to eight weeks afterward, he was not able to move any new admissions until March 2021 because... Read More »Schedule a demo
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