Senior Living Sells Phoenix, Arizona Assisted Living Facility

Nick Cacciabando, Ryan Saul and Jeff Binder sold a 92 Bed/82 Unit Assisted Living and Memory Care Facility in Phoenix, Arizona. The Seller, a Detroit based bank, acquired ownership of the property through foreclosure in June 2011. The 45,422 square foot building was approximately 61% occupied at the time Senior Living commenced marketing of the facility. The main payor source is Medicaid which totaled over 80% of revenue.Senior Living was able to generate multiple offers. The ultimate Buyer was selected in part because the offer had no financing contingency and they were able to close quickly. The Buyer is a national owner/operator with an existing presence in the market. The facility was built in 1974 and had a negative EBITDA of ($158,605). The sales price was $3,225,000 ($39,329/unit). For additional information please contact Jeff Binder or Nick Cacciabando at 314/961-0070 or Ryan Saul at 630/858-2501.

Bradley Clousing and Ryan Saul Sell Alabama SNF and Medical Office Building

Ryan Saul and Brad Clousing sold a 117 Bed Skilled Nursing/25 Bed Inpatient Rehab Facility in Alabama. Also included in the transaction was a free standing administrative/medical office building. Both buildings were located on the same 12 acre parcel of land. The SNF just received Medicaid certification in 2010 helping with the recent surge in census. The Seller is a local non-profit which will maintain offices in the administaration building to focus on their PACE, Home Health and Hospice businesses. The Buyer is an operator of a large portfolio of facilities across the U.S. although this is their first asset in Alabama. For additional information, please contact Brad Clousing or Ryan Saul at 630/858-2501.

Patrick Byrne, Bradley Clousing and Jeff Binder Work Together to Sell Two Arkansas Facilities

Jeff Binder, Brad Clousing and Pat Byrne sold a skilled nursing facility and a residential care facility in Stone County, Arkansas. The skilled nursing facilityis 97 beds and was built in the 1960's with several renovations. It is one-story building comprised of approximately 30,000 square feet on 3.4 acres. The residential care facility is a 32 bed/20 unit facility built in 1995. It is one-story building comprised of approximately 12,000 square feet on 1.12 acres. The combined census at the time of the sale was near 92%. The Seller is a local health system and divested of the assets to focus on its core businesses. The Buyer is using this transaction to bolster its growing presence in the State of Arkansas. The combined transaction sold at a 7.7% capitalization rate/.875 GIM. For additional information, please contact Brad, Jeff or Pat.

Congratulations To Our Top Brokers Of 2011

Congratulations to Jeff Binder, Ryan Saul, Matt Alley, Brad Clousing, Patrick Byrne, Patrick Burke and Nick Cacciabando. Our top brokers all worked to propel Senior Living Investment Brokerage, Inc. to a record year and once again, for the 4th year in a row, handling more Seniors Housing transactions than any other brokerage firm in the country. We would like to thank all of our clients that put their trust in us to handle their Seniors Housing sales and acquisitions.

Make 2012 Great

Happy New Year from Senior Living Investment Brokerage, Inc.

As Yogi Berra said, "I knew the record would stand until it was broken."

Our firm had another record year, and I want to thank all of those who helped make that happen. I am really looking forward to working with you in 2012. Please let me know if you are looking to buy or sell Seniors Housing or long-term care facilities. Email ryansaul@slibinc.com or call 630/858-2501.

We will also be attending the ASHA Conference January 15th - January 17th. Check back for updates on the market after that conference.

Patrick Burke and Ryan Saul Sell a Wisconsin ILF/ALF

Ryan Saul and Patrick Burke sold a 59 unit Independent Living and Assisted Living Facility located in Green Bay, Wisconsin. Originally built in 2004, the facility underperformed due to low rents and historical census aroound 65%. In 2006, the owner defaulted on their loan with a regional bank. In 2007, a court appointed receiver was assigned which hired an experienced seniors housing operator that began offering additional services, increased census and raised rents. Through a well implemented marketing plan, Senior Living Investment Brokerage was able to field multiple, qualified offers on the facility. The facility ultimately sold for $2,600,000 which translates into a 1.5% capitalization rate/4.8 GIM (no, the numbers are not transposed). Senior Living specializes in assisting owners/sellers in the sale of distressed assets. For additional information, please contact Patrick or Ryan at 630/858-2501.

Slow time of year? I think not.

I was hoping to slow down, catch up on paperwork and read a good business book this holiday season. That isn't happening. A lot of clients wisely use this time to have a confidential proposal done. That is just fine with me. With all this activity, that means 2012 should be another record year. We are working on a number of closings over the next two weeks and our proposals have increased dramatically. If you were frustrated by the lack of deals out there to purchase over 2011, hold on, I think 2012 will be the year of opportunities. If you have thought about selling, now is a great time to have me do a confidential proposal to see what your property is worth.

Please call me at 630-858-2501 or Email Ryan Saul at ryansaul@slibinc.com to discuss.