The following article is important tax information for anyone considering the sale of their seniors housing facility. Contact Grant Kief at kief@slibinc.com or 630/858-2501 if you would like a marketing analysis prepared for your property.
http://online.wsj.com/article/SB10001424052702303879604577410143118102490.html
Showing posts with label grant kief. Show all posts
Showing posts with label grant kief. Show all posts
Tuesday, May 22, 2012
Wednesday, June 8, 2011
June 8, 2011 Press Release
Senior Living Investment Brokerage, Inc., the nation's leading specialist in services for selling skilled nursing centers and seniors housing, announces it has brokered over the course of a one-month period the sale of 17 senior living properties in 13 separate transactions with a total value exceeding $71,500,000.
The seven skilled nursing centers and 10 retirement communities located in 10 states have accommodations for over 1,400 residents.
Grant Kief, President of Senior Living Investment Brokerage, says a number of factors are driving the growing interest among a wide range of investors in senior living properties.
"Buyers 12 to 18 months ago were cautious, because it wasn't clear where the market was headed and lending sources were on the sidelines. We've seen a lot more acquisition activity during the last several months, due mainly to favorable interest rates, a lack of new construction, the impending impact of demographics, and the fact that senior living held up so well compared to other real estate sectors during the recession," he reported.
The seven skilled nursing centers and 10 retirement communities located in 10 states have accommodations for over 1,400 residents.
Grant Kief, President of Senior Living Investment Brokerage, says a number of factors are driving the growing interest among a wide range of investors in senior living properties.
"Buyers 12 to 18 months ago were cautious, because it wasn't clear where the market was headed and lending sources were on the sidelines. We've seen a lot more acquisition activity during the last several months, due mainly to favorable interest rates, a lack of new construction, the impending impact of demographics, and the fact that senior living held up so well compared to other real estate sectors during the recession," he reported.
Tuesday, October 27, 2009
Sale of CCRC Announced
Nick Cacciabando and Jeff Binder have sold a CCRC in Kansas for a national owner/operator. The campus is comprised of a 140 bed Skilled Nursing Facility, a 37 unit Assisted Living Facility and 82 units of Independent Living. The property was originally developed in 1988 and underwent extensive remodeling/renovation in 2006 and 2007. The impact of these improvements are being realized in the steadily improving financial and census reslts since completion. Census at the time of sale was 95% and the property sold at a 9% cap rate.
The Buyer is a Real Estate Investment Trust (REIT) which owns senior living properties throughout the United States.
The Buyer is a Real Estate Investment Trust (REIT) which owns senior living properties throughout the United States.
Thursday, June 4, 2009
Senior Living Announces Sale of Skilled Nursing Facility
Senior Living Investment Brokerage, Inc. facilitated the sale of a Skilled Nursing Facility consisting of 120 beds in Blue Springs, MO. This is the company’s third sale of a long‐term care facility in Missouri for 2009.
The one‐story structure was built in 1979 and encompasses approximately 39,000 square feet and sits on 2.915 acres. The facility is located on the eastern fringe of the Kansas City MSA and is within two miles of the primary medical center for the region. At the time of the sale, occupancy at the facility was approximately 70%. The buyer is a regional long‐term care provider and owns two other facilities in the state of Missouri.
The facility sold for $4.3 million, or approximately $33,800 per bed. Jeff Binder and Patrick Byrne of Senior Living Investment Brokerage, Inc. handled the transaction.
Grant A. Kief
Senior Living Investment Brokerage, Inc.
The one‐story structure was built in 1979 and encompasses approximately 39,000 square feet and sits on 2.915 acres. The facility is located on the eastern fringe of the Kansas City MSA and is within two miles of the primary medical center for the region. At the time of the sale, occupancy at the facility was approximately 70%. The buyer is a regional long‐term care provider and owns two other facilities in the state of Missouri.
The facility sold for $4.3 million, or approximately $33,800 per bed. Jeff Binder and Patrick Byrne of Senior Living Investment Brokerage, Inc. handled the transaction.
Grant A. Kief
Senior Living Investment Brokerage, Inc.
Tuesday, May 12, 2009
Welcome
Welcome to the Senior Living Investment Brokerage blog. Our brokers will be posting industry updates that I hope you will find informative and useful. In addition, we will use this platform to announce our sales of nursing homes, assisted living facilities, independent living facilities, CCRC's and all other forms of seniors housing. We will also post links to industry sites that we have found helpful.
We will be updating the blog each Wednesday-so check in weekly for our updates. Also, let us know if you have any suggestions for discussions. We also welcome your comments.
Don't forget, National Nursing Home Week" is May 10-16. This year's theme is "Nurturing a Love that Lasts".
We look forward to your comments.
Grant Kief
President
Senior Living Investment Brokerage, Inc.
We will be updating the blog each Wednesday-so check in weekly for our updates. Also, let us know if you have any suggestions for discussions. We also welcome your comments.
Don't forget, National Nursing Home Week" is May 10-16. This year's theme is "Nurturing a Love that Lasts".
We look forward to your comments.
Grant Kief
President
Senior Living Investment Brokerage, Inc.
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