Senior Living Investment Brokerage, Inc. Sells Portfolio

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Ryan Saul, Brad Clousing and Jeff Binder teamed up to sell a portfolio of 5 seniors housing communities. Four in South Carolina and one in Florida. The total portfolio included 282 assisted living units and average occupancy is 94%. Given the strong occupancy, there appears to be an opportunity to increase rents and further enhance margins and cash flow. The Buyer was a national REIT. This was a strategic acquisition that brought quality, cash flowing opportunities to markets where they have existing operations/holdings. The Seller, decided to sell to exit seniors housing and focus on rehab, LTACH and CCRC’s. In addition, Senior Living Investment Brokerage, Inc. sold 6 additional assets for the Seller which we will report on in a later blog. This portion of the portfolio sold at a 7.52% cap rate. for additional information, please contact Ryan Saul [email protected], Brad Clousing [email protected] or Jeff Binder [email protected]

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Senior Living Represents Florida Assisted Living/Memory Care Seller

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Bradley Clousing and Ryan Saul sold a 64 Unit Assisted Living and Memory Care Community located in southwest Florida. The property has 48 units designated assisted living and 16 units for memory care. Built in 1983, it was extensively renovated in 2005/2006. The community boasts stabilized occupancy of over 95% and approximately 40% of the residents utilize managed care for funding. The Seller was a Virginia based private investor and the Buyer is a large capital goup and it will be operated on their behalf by a Florida based operator. The 43,428 square fot building sold for $7,450,000. For additional information on how Senior Living Investment Brokerage, Inc. can assist you, please contact Ryan Saul at [email protected] or Brad Clousing at [email protected]

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Bradley Clousing Sells Skilled Nursing Facility in Florida

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Brad Clousing has sold a 120 Bed Skilled Nursing Facility in Jacksonville, FL for a local non-profit organization. This was the only skilled nursing asset owned and operated by the Archdiocese of St. Augustine. The facility, built 1992 and in good condition, was at 87% census with only 6% Medicare census. The Buyer is a Florida based owner/operator and this is their 10th location in Florida. The purchase price was $11,000,000. Senior Living Investment Brokerage was able to procure multiple offers on the property. For additional information, please contact Brad Clousing at [email protected] or 630/858-2501

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Brad Clousing and Ryan Saul Sell Georgia ALF/MC Community

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Ryan Saul and Brad Clousing recently sold a Georgia Assisted Living and Memory Care community.  The 49 unit, purpose built facility is located north of Atlanta.  Built in 2014, the 43,500 square foot building is licensed as an assisted living community.  It features 39 ALF units and 10 memory care units.  It is 100% occupied with a waiting list.  The Seller was a local partnership and this was their first asset.  The Buyer is a national owner/operator and this property will complement their other assets in the region.  The transaction closed at $14,550,000 ($296,939/unit).  For additional information contact Brad at [email protected] or Ryan at [email protected]     630/858-2501

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