Ryan Saul Represents Indiana Assisted Living/Memory Care Facility Seller

Ryan Saul has sold a 58 unit Assisted Living/30 unit Memory Care community in Fort Wayne, Indiana.  The Seller, a multi-family housing owner, partnered with a skilled nursing operator to develop this state-of-the-art, 82,000 square foot AL/MC community.  The Seller made a strategic decision to sell in order to focus on his core business of multi-family housing.  In addition, he decided to take advantage of the strong seniors housing market.  The Buyer, a regional owner/operator, sees significant untapped potential in this community.  The Buyer intends to implement the Medicaid Waiver program, trim staffing and increase operating efficiencies.  The facility was operating at over 97% census and sold for a 7.06% capitalization rate/$131,250 per unit.  For additional information, please contact Ryan Saul at 630/858-2501 or ryansaul@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   

Toby Siefert and Ryan Saul Handle Pennsylvania Personal Care Home Sale

Ryan Saul and Toby Siefert have sold a 65 Unit/68 Bed Personal Care Home. The facility census at the time of contract was 85% and was in the process of lowering the SSI residents. By the time the transaction closed, the census had returned to 100%. The facility sold for a 7.5% capitalization rate/1.48 GIM. This was the Seller's only facility and the partners are retiring from the business. The Buyer, based in Eastern Pennsylvania, was looking to expand beyond the few facilities they owned in the area. The transaction was financed by the same bank that held the Seller's mortgage. For additional information please contact Toby or Ryan at 630/858-2501 or siefert@slibinc.com ryansaul@slibinc.com

Matt Alley Sells Another Texas Skilled Nursing Facility

Matthew Alley has sold an 110 bed skilled nursing facility in Western Texas.  The facility is in a rural area and is the only facility in the county.  The one-story, 33,600 square foot building was constructed in 1996.  At the time of sale, the census was 82% and the facility sold for a 12.5% capitalization rate.  The facility was operated by a regional operator out of the Dallas-Fort Worth area and owned by a publicly traded REIT.  The Buyer is an owner/operator from Central Texas with several facilities throughout the state.  The purchase was financed by a local community bank.  For additional information, please contact Matt Alley at 630/858-2501 or alley@slibinc.com 

They will be calling . . . .

More and more companies are hiring people dedicated to calling owners to see if they will sell to them.  Are they calling you?  Do they tell you all about how they are the next best thing to sliced bread?  How confidential they will keep things?  Do they tell you they pay top dollar, can close very fast and have money burning a hole in their corporate pocket?  

They are telling you all this because they want to buy your property for below market!  These buyers are not paying as much for a property that has  market exposure to a pool of qualified buyers.  Instead, they are trying to tie up the property and buy it for below market before it has pricing competition.

Don't leave millions on the table.  Let Senior Living Investment Brokerage, Inc. confidentially represent you in the sale of your facility.  Let us add you the long list of success stories of sellers that had unsolicited offers but after being property represented by SLIB, sold for 30% more.  The market is extremely strong right now with cheap capital and a shortage of quality properties.

Please contact Ryan Saul to learn more how we can help.

Siefert, Clousing and Binder Team up to Sell Two ALF/ILF Campuses

Jeff Binder, Brad Clousing and Toby Siefert have sold 2 Independent Living and Assisted Living campuses in Pennsylvania.  Both campuses offered a mix of personal care and memory care units.  In addition, one of the sites had privately owned, two bedroom cottages while the other site has independent living units and owner occupied  condominiums.  The campuses have a total of 184 units and current census was 85%.  The properties sold for over $100,000/unit at an 8% capitalization rate.  The facilities are both located in desirable markets with strong demand for quality, purpose built seniors housing.  The Sellers, a local group, had decided to retire and this was their only senior housing assets.  Senior Living Investment Brokerage was hired for their reputation and ability to maintain confidentiality throughout the sales process.  Senior Living was able to procure multiple qualified offers on the properties.  The Buyer is a regional owner/operator with plans to continue to grow their operating presence in Pennsylvania.  For additional information, please contact Toby Siefert or Brad Clousing at 630/858-2501 or Jeff Binder at 314/961-0070. 

Jeff Binder and Matt Alley Broker Independent Living Facility

Matthew Alley and Jeff Binder sold an 131 unit independent living facility in Texas.  Senior Living Investment Brokerage was hired to confidentially market this attractive, three story independent living facility located in Longview, Texas.  The building, constructed in 1985 and 2010, is 102,350 square feet and offers a nice mix of studio, one and two bedroom apartments and offers ample amenities.  The property has a strong operating history, including several years at, or near, full census.  Additional care services are provided by a third party, unaffiliated home health agency.  The facility is on 4.52 acres with an additional 1.62 parcel of land included in the sale which could be used for future development.  The stable financial history, solid reputation and quality location helped secure multiple offers leading to a sale price of $13,000,000.  The buyer is a national owner/operator of seniors housing facilities.  Senior Living Investment Brokerage, Inc. was chosen to represent the seller for our reputation and ability to selectively market the facility in a confidential manner.  For additional information, please contact Jeff Binder at binder@slibinc.com or Matt Alley at alley@slibinc.com