Ryan Saul and Jeff Binder Sell Wisconsin SNF

Senior Living Investment Brokerage successfully sold a 161 Bed Skilled Nursing Facility in Northern Wisconsin for the second time in six years. Originally sold in 2005 while in bankruptcy, the Buyer was attracted to the favorable bed price, potential for improving Medicare census and challenge of a turnaround situation. This was the only facility the Seller owned in Wisconsin and they had achieved their goal of turning the facility around. The Buyer is a regional operator and this acquisition will improvew their economies of scale. The Buyer utilized HUD Lean financing.

2010 Outlook Encouraging

What tough market? 2008 was one of the most challenging M&A markets on record. Despite the difficult market, SLIB had a record breaking year. We represented 25% of all reported transactions. 2009 is expected to surpass 2008 and our market share should reach close to 40% for 2009. A recent surge in Seniors Housing sales has improved my outlook for continued recovery and strength in 2010. Investors, owners and operators are re-entering the market after sitting on the sidelines. We are experiencing a shortage of properties available. Smaller, relationship lenders are the debt vehicle of choice (and often the only option). HUD is an option, but the backlog of applications and a "use it or lose it" by the end of the year vacation policy for HUD employees is causing a longer than expected HUD LEAN process.

If you have thought about selling, now is a great time to explore this option. With the lack of supply available, demand alone is driving activity and pricing. I am available to put together a confidential proposal to determine market value.

“It's tough to make predictions, especially about the future.” – Yogi Berra

Contact me via Email at Ryan Saul.

Sincerely,
Ryan Saul
Managing Director
Senior Living Investment Brokerage, Inc.

Jeff Binder of Senior Living Sells Missouri SNF

Jeff Binder sold a 74 Bed Skilled Nursing Facility in Northwest Missouri November 1, 2009. The Seller because the facility was no longer an operational, or geographical, fit given their relatively light exposure in the state of Missouri. The Buyer was a regional long-term care provider with three other facilities in Missouri. The facility had a sufficient quality mix but overall census was around 50%. The Buyer has experience with rural facilities and has plans in place to enhance census and profitability via expanded services.

Matthew Alley Announces Sale in Texas

Matthew Alley sold a 112 bed Skilled Nursing Facility in Texas. Originally built in 1975 with numerous renovations (the most recent completed in 2009), the facility is a single story, brick exterior, 34,150 square foot building. This is the only LTC facility the Seller had and it was sold to an owner/operator purchasing their first facility in Texas. Financing was provided by a local lender. Please call Matthew at 630/858-2501 if you have any questions.

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.

Senior Living Sells LTC Facility in Dallas

Jeff Binder, Matthew Alley and Ryan Saul sold a 264 bed SNF/39 unit ILF in Dallas, Texas on September 30, 2009. The 206,000 square foot facility on 22 acres was originally developed in 1960 and has undergone various renovations over the years. The Independent Living is comprised of stand alone cottages on the campus grounds. The facility's census was 87% at the time of the sale and sold for 13.5% capitalization rate. If you have any questions regarding this transaction, please call Jeff, Matt or Ryan.

Senior Living Announces Two Sales

Jeff Binder and Nick Cacciabando sold a 39 bed Assisted Living Facility in the Oklahoma metropolitan area. The facility sold for over $105,000/unit and at a 9.9% capitalization rate. The Seller was a regional owner/operator and the buyer is a local owner operator with three other senior housing facilities. Financing was provided by a regional bank out of Kansas City.

Ryan Saul sold a facility in Dayton, OH, with 331 licensed skilled beds and 57 independent living units. The 445,000 square foot facility on 25+ acres was built in 1930 and sold by one of the largest Catholic health systems in the country. At the time of sale, the facility had negative cash flow. Financing was provided by a national bank out of Chicago.