Jeff Binder – Ryan M Saul

Senior Living Investment Brokerage, Inc. Sells Portfolio

September 30, 2015/in assisted living, assisted living community, assisted living sale, Brad Clousing, Capitalization Rate, Florida, Jeff Binder, Ryan Saul, sell assisted living, Senior Living Brokerage, Senior Living Investment Brokerage, South Carolina/by ryanmsaul

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 investment Brokerage Sells Assisted Living Community

September 25, 2015/in assisted living, assisted living community, exclusive listing, Jeff Binder, memory care, prepare to sell assisted living, sell memory care, Senior Living Investment Brokerage, Toby Siefert/by ryanmsaul

Toby Siefert and Jeff Binder sold a 47 Unit Assisted Living and Memory Care Community that included 2 cottages (3 units each) on 6 acres in Virginia. With 84 total beds, the monthly market rates ranged from $4,050-$5,100 per bed/month. It was sold by a private owner who decided to exit the seniors housing business. The Buyer is a private REIT based on the West Coast who partnered with a national operator. Located 75 miles outside Washington D.C., the community offered an affordable alternative and allows for higher acuity due to I-2 construction. The purchase price was $14,300,000 or $270,000 per unit. The census was 91%. For additional information, please contact Toby Siefert at [email protected] or Jeff Binder at [email protected]

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Senior Living Sells Memory Care and Assisted Living Facility in Indiana

May 24, 2015/in assisted living, Indiana, Jeff Binder, Ryan Saul, sell assisted living, sell memory care/by ryanmsaul

Jeff Binder and Ryan Saul recently worked together to sell a memory care and assisted living community of 124 units in Indianapolis, IN. The community consists of 82 assisted living units and 42 memory care units. The assisted living wing was constructed in 1999 and renovated in 2009 whereas the memory care wing was constructed in 2007. The community is comprised of 113,000 square feet on 2.5 acres. At the time of sale, the overall census was approximately 80%. The Seller of the memory care and assisted living community was a publicly traded REIT utilizing a regional operator. The Buyer is a private, regional owner that sold their portfolio a few years ago and is seeking to reenter the seniors housing market. The new owner plans to increase occupancy by bringing in a Medicaid Waiver certification and focus on building census. Senior Living Investment Brokerage sold the facility for $17,000,000. For additional informaton, please contact Ryan Saul at [email protected] or Jeff Binder at [email protected]

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