Ryan Saul Achieves Record Price for Illinois Skilled Nursing Facility

Ryan Saul has sold a 292 Bed Skilled Nursing Facility in Norridge/Chicago, Illinois. The 99,979 square foot building on 1.36 acres, sold for over $135,274/bed, a record for Illinois. The Seller is a regional owner/operator who plans on focusing his energies on his other skilled nursing facilities in the Chicagoland area. The Buyer is a Chicago based owner that aligned with a local operator to run the property day to day. The overall census at the time of sale was 89% (23% Medicare/13% Private Pay). The price reflected the reputation of the property coupled with the rare opportunity to acquire facilities on the north side of Chicago. The capitalization rate at the time of sale was 8.10% on approximately $24,000,0000 in revenues. Aside from the record price per bed, the transaction took 47 days from listing engagement to closing. For additional information on this transaction or how Ryan can assist you in buying or selling your seniors housing community, contact Ryan Saul at 630/858-2501 or ryansaul@slibinc.com

Money Money Money.....Money and more Money

After attending this year's NIC Conference, it became abundantly clear that money (both debt and equity) are chasing nursing home and seniors housing deals.  Everywhere you turned, there were lenders and equity players looking for opportunities to place capital.  Times are good, real good, but how long will it last?  That is the question.  There are rumblings about HUD, Fannie, and Freddie reaching their limit.  This should provide opportunities for other capital in the space.

I know I am always beating my SELL drum, but really, if you have ever thought about selling, now is THE time.  Please contact Ryan Saul if you would like to know what your nursing home or seniors housing property is worth.  I am always available to put together a confidential analysis.

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

Patrick Burke Facilitates North Carolina Adult Care Home Sale

Pat Burke sold a 64 unit/120 bed Adult Care Home in North Carolina. The building was originally developed as a skilled nursing facility but was converted to assisted living in 1996. The community has struggled with occupancy (51%) and was 95% Medicaid census at the time of the sale. The Seller is a local couple that had owned/operated the community since 1996. The Buyer is an investment holding company based out of Hong Kong. The Buyer plans on investing over $1,ooo,ooo in renovations/capital improvements. They have engaged a national operator with a North Carolina presence. For additional information, please contact Patrick Burke at 630/858-2501 or burke@slibinc.com

Sell now - No regrets.....none

The market continues to face a shortage of quality seniors housing and long-term care communities available for purchase.  There is significant demand.  Both regional and national companies are looking for growth opportunities....especially with the end of the year quickly approaching.

I am sure you are enjoying your current cash flow and ROI.  Maybe you haven't even thought about selling.  Why?  If you could cash in at the top of the market, why wouldn't you at least explore the idea?  You don't want to look back 3-5 years from now and regret not selling.  Do you know what your nursing home, assisted living, independent living or memory care facility is worth today?  Let me help you find out.

Everyone knows that interest rates are going to increase.  This will inevitably decrease the value of your facility.  Things are great now, but we all know things change.  Why not take advantage of just how great the market is?

I am always available for a confidential proposal to determine what your community is worth.  Please contact Ryan Saul for more information.

Senior Living Investment Brokerage, Inc. Sells Oregon Assisted Living Facility

Senior Living Investment Brokerage, Inc. facilitated the sale of a 32 unit/38 bed assisted living facility in eastern Oregon. The Seller is a local owner/operator that originally developed the building in 1995. They are retiring from the business. The Buyer is a regional operator out of Idaho looking to expand their presence in the region. The census at the time of sale was 97% and the ultimate sales price of $2,700,000 ($84,375/unit) for a 11.3% capitalization rate. The Buyer also has an option on an adjacent 5.7 acre parcel of land with the intention of developing a secure memory care facility. For additional information, please contact Senior Living at 630/858-2501 or 314/961-0070 www.slibinc.com

Matthew Alley and Nick Cacciabando Sell 100+ Beds in Texas

Nick Cacciabando and Matt Alley sold 100+ Medicaid-certified beds in Texas. Under Texas regulations, the Buyer will be able to utilize a 25% increase in Medicaid beds when building a new nursing home. The Buyer is a developer that also owns several Skilled Nursing facilities in Texas and has plans to build a new facility and benefit from the additional beds issued by the state. For additional information on how Senior Living can assist you in the sale or purchase of Medicaid beds in a CON state, please contact Matt at alley@slibinc.com or Nick at nbando@slibinc.com