Matt Alley Sells Another Texas Skilled Nursing Facility

Matthew Alley has sold an 110 bed skilled nursing facility in Western Texas.  The facility is in a rural area and is the only facility in the county.  The one-story, 33,600 square foot building was constructed in 1996.  At the time of sale, the census was 82% and the facility sold for a 12.5% capitalization rate.  The facility was operated by a regional operator out of the Dallas-Fort Worth area and owned by a publicly traded REIT.  The Buyer is an owner/operator from Central Texas with several facilities throughout the state.  The purchase was financed by a local community bank.  For additional information, please contact Matt Alley at 630/858-2501 or alley@slibinc.com