Florida Assisted Living

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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Brad Clousing and Patrick Burke of Senior Living Investment Brokerage represented the Seller of a 53 unit Assisted Living Community in Florida just north of Palm Beach. Originally built as a nursing home, it was converted to an assisted living facility in 2004. It boasts an updated physical plant and expansive enclosed courtyard. The Seller was a North Carolina based partnership and this was their only seniors housing asset in Florida. The Buyer is a South Florida based regional operator that intends to make additional physical plant upgrades, explore providing memory care services and increase rates and subsequent margins. The property sold for $3,900,000 at an 8.8% cap rate. Multiple offers were procured by Senior Living Investment Brokerage for selling the assisted living facility. For additional information, please contact Patrick Burke at [email protected] or Bradley Clousing at [email protected] 630/858-2501

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Ryan M Saul