Matthew Alley Closes Another Texas Transaction

Matthew Alley has sold a 118 Bed Skilled Nursing Facility in Texas. The single story, 44,000 square foot facility was built in 2004. The purchase price was $7,250,000 ($61,440/bed) which was a 13.8% capitalization rate. The census at the time of sale was 75%. The Buyer is a regional owner/operator with several facilities in Texas. Conventional financing for the acquisition was provided by a regional bank. For additional information please contact Matt at 630/858-2501.

Ryan Saul Sells Another Indiana Facility

Ryan Saul has sold another seniors housing facility in Indiana. The 41 unit Assisted Living Facility is located in Batesville, Indiana. Built in 2003, the 31,551 square foot facility sold for $2,850,000. Over the past ten years, Ryan has sold more seniors housing facilities in Indiana than any other broker or brokerage team. For additional information on this transaction or any other Indiana transaction or facility, please contact Ryan at 630/858-2501 or saul@seniorlivingbrokerage.com

SNF / ALF...You Decide

Do you own a portfolio that is mainly skilled nursing with an outlier assisted living property or two? Does your portfolio of assisted living include a one-off skilled nursing facility?

Many of my clients have been divesting non-core assets. I repeatedly hear, "stick with what you know." If you have a property that does not fit within your core business, now is an ideal time to explore selling. Their is great demand for both Assisted Living and Skilled Nursing facilities.

It is a natural sell to the market when representing non-core assets to highlight the fact that we are selling an assisted living facility for a skilled nursing owner/operator. These opportunities tend to have the most upside potential yielding top-of-the-market pricing.

Please contact me at Ryan Saul to prepare a confidential proposal for your non-core assets.

Jeff Binder and Nick Cacciabando Facilitate Kansas ALF Sale

Nick Cacciabando and Jeff Binder have sold a 45 unit Assisted Living Facility in Kansas for $2,500,000 or $55,555/unit. Constructed in 1970 with a 17 unit addition in 2004, the facility sold at a 10.1% capitalization rate. The one story building is 25,000 square feet on almost 2.5 acres. The facility is in good condition and was 100% occuppied at the time of sale. for additional information, please contact Jeff or Nick in the St. Louis office at 314/961-0070.

Senior Living Announces Mississippi Senior Housing Sale

Ross Sanders, Nick Cacciabando and Jeff Binder have sold a Seniors Housing Community in Brandon, Mississippi. The two story building consists of 75 Assisted Living units and 25 Memory Care units. Constructed in 1999, the facility is comprised of 85,000 square feet and sits on 5.4 acres. The occupancy at the time of sale was 98% and sold for $10,600,000 ($106,000/unit) at a 9% capitalization rate. For additional information please call the St. Louis office at 314/961-0070.

Ryan Saul Sells Two Illinois Skilled Nursing Facilities

Ryan Saul has sold two skilled nursing facilities in the Chicago suburbs for a local owner/operator. The first facility, located in the western suburbs, is 180 beds and was built in 1976. The second facility is in the south suburbs and was built in 1964/1999. It is 80 beds. The total purchase price exceeded $65,000/bed. Financing was provided by Private Bank. For additional information, please contact Ryan Saul.

2013 - 3.8% Tax when you sell your facility

3.8% No reason tax. Thanks a bunch Health Care reform!

The new health care reform includes a number of disturbing items. If you are thinking of selling your long-term care or seniors housing facility, I would seriously look into doing so between now and the end of 2012. As it stands today, in 2013, there will be an additional 3.8% tax on gains from the sale of investment property. Consult your tax advisor, but if you are planning on selling in the near future, now would be an ideal time to determine market value before the new tax goes into effect.

What will the new tax mean for capitalization rates, return on equity and overall value. I don't want to wait to find out. With lending back in the market, limited supply and stabilized value, please contact me at Ryan Saul for a confidential analysis.

If you are in the market to purchase, give me a call at 630-858-2501 to see what we currently have available to purchase.

PS - Let's make a change....get out and vote on November 2!