Bradley Clousing, Patrick Byrne and Ryan Saul of Senior Living Investment Brokerage, Inc. recently sold a 195 Unit Continuing Care Retirement Community in north St. Louis County. The 195 Unit/143 Bed CCRC Sale consists of 110 Independent Living Units, 22 Assisted Living Units, 22 Memory Care Units and 41 Skilled Nursing Beds. The asset, built […]
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Senior Living Investment Brokerage was hired to sell Skilled Nursing Facility in Virginia. Senior Living was able to procure multiple offers and the 300 bed facility sold for $28,500,000 ($95,000 per bed). The community benefits from a quality physical plant featuring private bathrooms in all the resident rooms. Recently, the community enjoyed a significant Medicaid […]
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Toby Siefert, Ryan Saul and Tom Rusthoven recently handled a Maryland Skilled Nursing Facility Sale. The 87 bed Skilled Nursing Facility is 41,139 square feet on 1.89 acres. The census at the time of the sale was 86%. The sale price was $9,100,000 or $105,000 per bed. The favorable price per bed was due to […]
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Should I sell now or wait to improve my community’s performance? As broker’s we get posed this question often. The biggest driver of a community’s value is its current net operating income and Cap Rates. Communities are typically valued be dividing its current net operating income (NOI) by the cap rate. A cap rate is […]
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