Ryan Saul sold Harbor House Assisted Living in Wheeling, IL. The property consists of three identical one-story cottages with each building containing 12 units with 16 licensed beds. Census at the time of sale was 85%. Senior Living investment Brokerage has sold 22 facilities in 2009.
Grant Kief
President
Senior Living Investment Brokerage, Inc.
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Harbor House is the typical transaction over the past twelve months. Smaller operators are looking for local opportunities where they can contribute to the success with hands on management. Assumable HUD financing is also very attractive in the current environment. If a buyer manages expenses closely and reacts to market conditions, properties like Harbor House can be a great investment.
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