Pat Byrne Leases a Missouri Skilled Nursing Facility

Patrick Byrne has leased a 76 Bed Skilled Nursing Facility in north Saint Louis County.  As part of the lease agreement, a purchase option was executed as well.  The facility has always stood out as one of the area's best providers and boasts a quality physical plant to complement it's great reputation.  Located in a middle class municipality, the facility has historical census ove 90% with an emphasis on Alzheimer care.  The Lessee is based in St. Louis but lacked a presence in this market.  This offered a strategic acquisition near their home office.  For additional information, please contact Pat Byrne at 314/961-0070 or byrne@slibinc.com 

Patrick Byrne and Ryan Saul Sell Alzheimer's Care Facility

Ryan Saul and Patrick Byrne sold an underperforming, 46 Bed Skilled Nursing Facility (offering assisted living services) located in a suburb of Kansas City, Missouri.  Originally built by a local hospital to service the MI population in 1990, it was sold and renovated to an alzheimer care facility in 2002.  The facility operates at or near capacity but has recently shifted to a heavy Medicaid/Hospice census mix.  The Buyer is a regional operator with a growing presence in the Kansas City market.  The property includes acreage for expansion and  a vacant building that the new owner plans to renovate to use as a corporate office.  For additional information on this facility or to inquire how Senior Living Investment Brokerage, Inc. can assist you in the sale or purchase of your seniors housing property, please contact Patrick at byrne@slibinc.com or Ryan at ryansaul@slibinc.com

Matthew Alley Sells Another Pair of Texas SNF's

Matt Alley has sold two Texas Skilled Nursing Facilities located in Abilene and Waco. They are both 120 beds and specialize in dementia care. The facilities were owned by a non-profit organization based in Austin. The Seller specializes in Continuing Care Retirement Communities and these were there only stand alone skilled nursing facilities. Built in 1994 and 2004, these high quality facilities were profitable with an average 85% census, but should enjoy the benefits of being part of a large regional operator. The Buyer is a publicly traded REIT specializing in healthcare. The REIT will be leasing the facilities to an operator headquartered in Maryland that operates several SNF's in Texas. The facilities sold for over $59,000/bed at a 10.4% capitalization rate. For additional information, contact Matthew Alley at 630/858-2501 or alley@slibinc.com

Senior Living Sells Ohio Assisted Living/Alzheimer's Care Facility

Jeff Binder, Ryan Saul and Brad Clousing have sold a 102 unit Assisted Living and Alzheimer's Care Facility in Ohio for $17,500,000. Constructed in 1998, the facility is 69,184 square feet on 4.5 acres. The Seller is a national owner/operator and the Buyer is a Florida based real estate investment company who intends on keeping the current management in place. The facility sold for a 8.5% cap rate and a 2.9 GIM.

World Alzheimer's Day 2010 Today - Sept 21

Senior Living Investment Brokerage, Inc. would like to recognize World Alzheimer's Day today, September 21. I lost a good family friend to Alzheimer's two weeks ago and would like to increase awareness.

www.alz.org