Florida – Ryan M Saul

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]

The post Senior Living Investment Brokerage, Inc. Sells Portfolio appeared first on Senior Living Investment Brokerage.

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

The post Bradley Clousing Sells Skilled Nursing Facility in Florida appeared first on Senior Living Investment Brokerage.