prepare to sell assisted living – Page 2

Matt Alley of Senior Living Sells Assisted Living Facility

September 29, 2015/in assisted living, assisted living community, Matthew Alley, prepare to sell assisted living, Senior Living Brokerage, Senior Living Investment Brokerage/by ryanmsaul

Matthew Alley of Senior Living Investment Brokerage, Inc. sold a 46 Unit Assisted Living Community in Texas. The asset, located 60 miles southwest of Dallas, is approximately 25,780 square feet and is on 4.14 acres of land. It was built in 1999 and census at the time of sale was 93%. The purchase price was $4,150,000 and the Buyer reimbursed the Seller for the prepayment penalty on its HUD loan. The Seller is an independent owner/operator exiting the seniors housing business. The Buyer is a regional owner/operator based in East Texas. For additional information, please contact Matt Alley at [email protected] or 630/858-2501.

The post Matt Alley of Senior Living Sells Assisted Living Facility appeared first on Senior Living Investment Brokerage.

Senior Living Represents Florida Assisted Living/Memory Care Seller

September 28, 2015/in assisted living, Brad Clousing, Florida Assisted Living, memory care, prepare to sell assisted living, Ryan Saul, sell assisted living, Senior Living Brokerage, Senior Living Investment Brokerage/by ryanmsaul

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]

The post Senior Living Represents Florida Assisted Living/Memory Care Seller appeared first on Senior Living Investment Brokerage.

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]

The post Senior Living investment Brokerage Sells Assisted Living Community appeared first on Senior Living Investment Brokerage.

What is the optimum and/or minimum size for a Seniors Housing Community sale?

September 18, 2015/in assisted living, assisted living community, assisted living sale, Capitalization Rate, independent living, independent living facility, internal rate of return, Jason Punzel, prepare to sell assisted living, sell retirement community, sell seniors housing, what is my property worth/by ryanmsaul

When considering a sale, there is no minimum size for an assisted living facility (or independent living facility). Different room counts will attract different types of buyers. A REIT or large private equity company will not have an interest in a single, 16 unit assisted living facility. Likewise, a local nurse typically will not have the financial ability to buy a 100 unit assisted living facility.

As a company, we have found that most larger Buyers have a minimum threshold of 40 units for an assisted or independent living facility, with a preference of over 60 units. However, there are exceptions to every rule. If there are multiple smaller facilities (15-25) units on the same parcel, or nearby, often times larger Buyers are still interested. We have also had a lot of success selling smaller communities (25-30+ units) that are in favorable locations in larger cities, newer, and specialize in higher end private pay residents who prefer a smaller setting. Recently, we closed on a newer 25 unit assisted living community in the Portland area that sold for over $220,000/unit. It was 100% private pay with high occupancy and excellent quality finishes. Since there are so many variables that factor into a purchase decision by any Buyer, it is important to work with an expert in valuing and selling a senior living community to ensure the optimal pricing and terms.

For more information on what your senior living community could be worth, please contact Jason Punzel at [email protected] or 630-858-2501 x 233.

The post What is the optimum and/or minimum size for a Seniors Housing Community sale? appeared first on Senior Living Investment Brokerage.

Ryan M Saul