Tom Rusthoven and Jeff Binder Sell Michigan Assisted Living Community

Jeff Binder and Tom Rusthoven recently sold an assisted living facility in Eastern Michigan. The facility was less than 50 units. Due to the confidential manner of the sale, additional information cannot be released. For additional information on how Senior Living Investment Brokerage, Inc. can assist you or your company in a confidential sale, please contact Tom at rusthoven@slibinc.com or Jeff at binder@slibinc.com

Ryan Saul and Jeff Binder Sell Two Skilled Nursing Facilities

Jeff Binder and Ryan Saul of Senior Living Investment Brokerage, Inc. were selected to represent a REIT in the sale of two skilled nursing facilities in Wisconsin. Located approximately 5 miles from each other in the northeast region of the state, the two facilities offer a combined total of 155 beds. At the time of the sale, the combined occupancy had been stable at 70.5%. Built in 1965 and 1969, the operations had a negative EBITDA of over $300,000. The Seller is a national REIT divesting non-performing assets. The Buyer is a national long-term care operator expanding their presence in Wisconsin. For additional information, please contact Jeff Binder at binder@slibinc.com 314/961-0070 or Ryan Saul at ryansaul@slibinc.com 630/858-2501.

Tom Rusthoven and Jeff Binder Represent Seller of ILF

Jeff Binder and Tom Rusthoven represented the Seller of an Independent Living Facility located in the Southwest. The selling entity was a non-profit owner/operator and the Buyer was a regional owner/operator. Although confidentiality was a priority for the Seller, Senior Living was able to procure multiple, qualified offers. Due to the confidential nature of the sale, the entities involved requested Senior Living Investment Brokerage not disclose any additional information. To discuss how we can assist you in the sale of your seniors housing property, please contact us at kief@slibinc.com

Brad Clousing and Jeff Binder Sell Alabama 116 Unit Seniors Housing Community

Jeff Binder and Brad Clousing recently sold a seniors housing community in Alabama that consisted 68 independent living units, 32 assisted Living units and 16 memory care (SCALF) units for $20,000,000. The 129,000 square foot building was constructed in 2000/2002. The community's financial performance has been stable over the past 12 months and the census has remained steady at 95% or better. The community is located on approximately 20 acres and offers the new owner the opportunity to expand. The Buyer, an institutional owner/operator, assumed the existing FNMA insured debt(70% LTV/6.47% interest rate). The Buyer elected to assume the debt given the approximate prepayment/yield maintenance penalty of $2.75 million. The loan matures June 2018. The Seller is a local partnership exiting the seniors housing industry. The Buyer is a national operator expanding their footprint within Alabama. For additional information contact Brad Clousing at clousing@slibinc.com or Jeff Binder at binder@slibinc.com

Matt Alley and Jeff Binder Handle Texas Memory Care Facility Sale

Jeff Binder and Matt Alley recently sold a 36 unit/48 bed Texas Memory Care Facility approximately 65 miles northwest of San Antonio. Built in 1997, the property is approximately 25,000 square feet and is situated on 2.5 acres of land. The community was underperforming due in part to recent turnover in staff. The census at the time of sale was 56%. The Buyer expects to be able to take advantage of increasing the marketing budget and stabilizing the staffing. The Seller is a national REIT divesting non-performing assets. The Buyer is a regional owner/operator based in Texas. For additional information, Please contact Matt Alley at alley@slibinc.com or Jeff Binder at binder@slibinc.com

Brad Clousing and Jeff Binder Sell Two Residential Care Communities in Arkansas

Jeff Binder and Brad Clousing were selected to assist in the disposition of 2 Residential Care Facilities in Arkansas. Located approximately 85 miles from each other in the northern region of the state, the two communities offer a combined total of 102 units. Both buildings were constructed in 1997 and each consist of 51 units (45 private and 3 semi-private). Each building is on approximately 4.5 acres. At the time of the sale, the combined census had stabilized at 62%. The Seller was two separate but related entities. The Buyer is a regional owner/operator based in Missouri. They plan on increasing the license to Level II which will provide for additional reimbursement and census enhancement opportunities. For additional information, please contact Brad Clousing at clousing@slibinc.com or Jeff Binder at binder@slibinc.com

Brad Clousing and Jeff Binder Sell Two Georgia Personal Care Homes

This transaction consisted of 2 personal care homes located approximately 40 miles from each other. The first community is comprised of 94 personal care units, 22 of which are memory care units, and it is licensed for 105 beds. The building was originally constructed in 1997 but underwent renovations in 2001, 2006 and 2008. The 48,905 square foot building offers a variety of unit options and amenities. The second community is a personal care home that features 59 units and is licensed for 70 beds. The building was constructed in 2008 and is 43,201 square feet. This community also offers a variety of unit options and common area amenities. It also benefits from limited competition in the area. The Seller is a local owner/operator that developed both of the assets. The Buying entity is a partnership between a publicly traded REIT and their affiliated national operator. Both facilities were trending towards 90-95% occupancy at the time of closing. The sales price was $19,000,000 ($124,837/unit) which was an 8.0% capitalization rate. For additional information please contact Jeff Binder at binder@slibinc.com 314/961-0070 or Brad Clousing at clousing@slibinc.com 630/858-2501.

Jeff Binder and Toby Siefert Sell Portfolio in the Northeast

Toby Siefert and Jeff Binder have sold 7 Skilled Nursing Facilities in the Northeast. The portfolio consisted of over 750 beds and was in receivership. At the time of sale, the overall census was 91%. GIM of .58X and a capitalization rate of 10.5%. This was a confidential sale. For additional and/or detailed information, please contact Toby at 630/858-2501 siefert@slibinc.com or Jeff at 314/961-0070 binder@slibinc.com

Clousing, Saul and Binder Sell Georgia Assisted Living/Memory Care Community

Brad Clousing, Ryan Saul and Jeff Binder teamed together to sell a 93 unit Assisted Living/Memory Care community in north central Georgia. The community consisted of 74 assisted living units and 19 memory care units on 15 acres. The community consists of 2 buildings, built in 2011 and 2012, an additional 20 unit expansion permitted and graded overlooking a private lake. The property leased up ahead of schedule and was fully stabilized by April of 2013. The Seller is a local developer of which this was their first seniors housing development. The Buyer is a national REIT and the asset will be operated by their affiliated operating company. Senior Living Investment Brokerage was able to procure a sale price of $236,833 per unit at a 7.5% capitalization rate.

Jeff Binder Sells Missouri Skilled Nursing Facility

Jeff Binder was able to procure multiple offers on a 120 bed Skilled Nursing Facility that had struggled with census and had negative cash flow. The Seller is a national owner/operator that chose to exit the Missouri market. The Buyer is an Illinois-based owner/operator looking to add to their existing portfolio in the state of Missouri. Due to the confidentiality of this sale, please contact Jeff at binder@slibinc.com or 314/961-0070 for additional information on this transaction or on how he can assist with marketing your community.

Brad Clousing and Jeff Binder Sell 62 Unit Seniors Housing Community in Alabama

Jeff Binder and Brad Clousing sold a 62 unit seniors housing community consisting of 15 independent living cottages, 35 assisted living units and 12 memory care/SCALF units. The community benefits from being the largest facility in Walker County and the only facility in the area offering memory care services. This is the only facility the Seller operates in Alabama and was divesting of the asset in order to deploy capital to other projects and consolidate operations. The property was built in stages in 1998/2004/2006 and census averaged 94%. Senior Living Investment Brokerage, Inc. was able to generate national interest in the community. Multiple offers were procured and a national REIT was selected as the Buyer. The property will be run by a regional operator based in Florida- this is their second building in Alabama. The community sold for $7,000,000 at an 8.50% capitalization rate. For additional information, please contact Brad at clousing@slibinc.com or Jeff at binder@slibinc.com

Patrick Byrne and Jeff Binder Sell Central Illinois Assisted Living Community

Jeff Binder and Patrick Byrne facilitated the sale of a 37 unit Assisted Living Community in Central Illinois for over $140,000/unit. The facility was developed by a group of local investors to service the local seniors housing residents. After years of stable operations, the facility experienced a downturn in 2011-2012 and a decision was made by the partners to sell. The Buyer was American Realty Capital which retained Good Neighbor Care as the operator. The census at the time of sale was 92%. The 37,000 square foot building was built in 2005. For additional information, please contact Pat Byrne or Jeff Binder at 314/961-0070.

Matthew Alley and Jeff Binder Sell Two Idaho Assisted Living Communities

Jeff Binder and Matt Alley sold two Assisted Living Communities in Northern Idaho located approximately 30 miles from each other. The properties totaled 90 units and are newer (2005/2006), purpose built facilities aligned in a pod format on attractively landscaped sites. A Receiver was appointed for the properties in July 2012. There were two major challenges regarding the census once the Receiver was appointed: 1. "No further placement" order until September 2012, 2. The buildings did not meet bathroom/resident ratio. Significant capital was invested to bring the properties to code. The 2006 site is four 15 unit one and two story buildings on 1.43 acres totaling 34,700 square feet. The 2005 site is two 15 unit one and two story buildings on 0.82 acres totaling 18,300 square feet. At the time of sale, the census had risen to 71%. The Buyer is a national owner/operator looking to expand their presence in Idaho. The properties sold for close to $80,000/unit. For additional information, please contact Matt Alley at alley@slibinc.com or Jeff Binder at binder@slibinc.com

Jeff Binder Sells ALF/MC Community in Iowa

Jeff Binder sold a 42 unit Assisted Living and Memory Care Community in one of the fastest growing cities in Iowa. The community consisted of 36 assisted living units and 6 memory care units. Originally constructed in 1995 as a condominium, it was converted and renovated for assisted living in 2000. The three story building is comprised of approximately 29,000 square feet on 0.6 acres. The spacious units have a number of amenities not typically found in assisted living communities such as gas fireplaces and balconies. At the time Senior Living was hired to market the community, the occupancy was near 70% and had been experiencing a slow decline in performance over the past 4 years. The Seller is an Iowa owner/operator divesting this asset in order to exit the seniors housing sector. The Buyer is a regional owner that plans to use their broader base to gather economies of scale. For additional information on this transaction, please contact Jeff Binder at 314/961-0070 or binder@slibinc.com

Jeff Binder Handles Michigan Skilled Nursing Transaction

Jeff Binder has sold 2 Skilled Nursing Communities in Michigan. Both of the communities are located in Eastern Michigan. One of the buildings has 124 beds and was constructed in 1989. The two-story building has approximately 48,000 square feet on 1.89 acres. The other building was constructed in 1966 and renovated in 1985 and has 149 beds. The one-story building has approximately 58,000 square feet on 5.3 acres. Although the overall census for the two communities was only 66% at the time of the sale, Jeff was able to procure multiple offers with a final sales price of $8,000,000. The Seller, a national healthcare and senior living services provider, was seeking to divest these assets to utilize the capital for other corporate purposes. The Buyer is a regional owner/operator seeking to increase their operating presence in Michigan. For additional information, please contact Jeff Binder at 314/961-0070 or binder@slibinc.com

Matt Alley and Jeff Binder Sell Texas Skilled Nursing Facility

Jeff Binder and Matt Alley have sold an 80 bed Skilled Nursing Facility outside San Antonio. The facility was operated by a regional operator from San Antonio and owned by a trust. The facility has enjoyed a solid census with a favorable payor mix. It is a single story building built in the 1960's. The Buyer is a publicly traded REIT with other facilities in Texas and the new operator is out of San Antonio. Senior Living Investment Brokerage, Inc. was able to procure multiple, qualified offers for the trust. For additional information, please contact Matt at alley@slibinc.com or Jeff at binder@slibinc.com

Jeff Binder, Matt Alley and Toby Siefert Team Up to Sell New Mexico Assisted Living/Memory Care Community

Senior Living Investment Brokerage, Inc. was engaged to sell a 69 unit Assisted Living and Memory Care community in New Mexico.  The building consists of 54 assisted living units and 15 memory care units.  Originally constructed in 1964 as a hotel, the building was converted in 1990 to seniors housing.  The building was subsequently renovated in 2002 and again in 2010.  The one and three story building is comprised of approximately 63,500 square feet on 2.4 acres.  The community has a strong operating history and an excellent reputation in the market.  At the time of sale, the census was 87%.  The Seller is a national owner/operator based in Oregon who was divesting this asset to utilize the capital for other corporate purposes.  The Buyer is a regional owner/operator based on the east coast.  For additional information, please contact Toby Siefert or Matthew Alley at 630/858-2501 or Jeff Binder at 314/961-0070.  www.slibinc.com

Jeff Binder Sells Oregon Assisted Living Community

Jeff Binder was engaged to sell a 53 unit  Assisted Living facility in northwest Oregon.  The building consisted of 41 studio units and 12 one-bedroom units.  Constructed in 1999, the attractive two-story building sits on 2.15 acres.  The community has a strong operating history, including several years at, or near, full capacity, and an excellent reputation in the market.  At the time of the sale, census was near 93%.  The building is a participant in the Medicaid program and the Medicaid census at the time of sale was 50%.  The transaction closed at a 9.3% capitalization rate/$128,302 per unit.  The Buyer assumed debt issued by the Oregon Housing and Community Services Department that carried unfavorable terms but certain penalties associated with the debt prevented pre-payment.  The Seller is based in Oregon and divested the asset to exit the seniors housing sector and plans on using the proceeds on a more passive investment.  A national seniors housing operator managed the facility for the Seller and will remain under a new third-party management agreement.  The stable financial history, solid reputation and quality location just outside of Portland, helped secure multiple offers.  The Buyer is a national owner with plans to increase their operating presence in Oregon.  For additional information, please contact Jeff binder at 314/961-0070 or binder@slibinc.com 

Senior Living Investment Brokerage Sells Nebraska Assisted Living Community

Jeff Binder, Brad Clousing and Ryan Saul teamed together to sell a Nebraska Assisted Living Community for $6,600,000.  It is a purpose built (2002/2005), quality facility offering a mix of assisted living and memory care units.  The facility is also set up to accept Medicaid residents.  Although the occupancy in 2011 struggled, it has historically done well and recovered in 2012.  The Seller was a partnership with plans to redeploy capital to other uses.  The GP owns assets in other states and plans on focusing his attention and resources on those assets.  The Buyer sees significant upside in the facility and has other operations in the region.  They will focus on increasing the private pay occupancy.  There is an additional 1.5 acres of land adjacent to the facility to develop independent living units or expand the existing AL/MC.  For additional information contact Jeff Binder at 314/961-0070 or Brad and Ryan at 630/858-2501.  www.slibinc.com

Jeff Binder and Ryan Saul Sell 6 Property Skilled Nursing Facility Portfolio

Ryan Saul and Jeff Binder were engaged to sell an 824-bed, six facility skilled nursing portfolio in Illinois.  The properties were constructed between 1963 and 1996.  The facilities census in 2012 averaged 74% (14% private pay/15% Medicare payor mix).  Revenues were $45,000,000 and the purchase price was $48,500,000.  The Seller is an owner/operator of long-term care properties in the Midwest.  The Buyer is an Illinois based owner/operator of seniors housing facilities.  The Buyer plans on focusing on improving the overall occupancy and specifically the Medicare census.  An additional benefit for the buyer will be the incorporation of the $3.0 million management fee.  An Illinois bank provided financing.  For additional information, contact Jeff Binder at binder@slibinc.com or Ryan Saul at ryansaul@slibinc.com