Wednesday, January 13, 2010
Senior Living Announces Chicago SNF Sale
Ryan Saul and Michael Brundage sold a 313 Bed Skilled Nursing Facility in Chicago. Senior Living was able to procure 10 offers on the facility. In addition, the transaction took 82 days from listing engagement to closing. The Seller was a regional owner/operator and the Buyer, located on the East Coast, was seeking an opportunity to expand into the Midwest. The price per bed was over $71,000 even though the facility had negative cash flow. The 72,432 square foot building on 1.15 acres had a census of 64%. The facility enjoys an excellent reputation and a great location.
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Yes, I have heard about this sale from a friend from Chicago. Such nursing facility is a fortune for retirees who need its services. A lot of seniors across the United States are seeking for better nursing facilities that suit their needs and lifestyles.
ReplyDeleteHere in Charlotte, North Carolina, many retirees are thinking of the possibilities of buying their own retirement home or just rent a unit in a reputable Charlotte retirement homes or Charlotte senior living facilities. Of course, their decision is based on the value of their investment and the quality of the potential retirement homes.