Jeff Binder and Brad Clousing sold a 92 unit assisted living and memory care facility in Alabama. The facility, built in 2006, consists of 28 assisted living units and 32 memory care units. In addition, there are 30 independent living cottages which were built in phases through 2008. The campus consists of 20 acres and offers the new owner an opportunity for expansion. Occupancy has been holding steady at 90% and the facility’s financial performance has been stable over the past 12 months. The facility is 100% private pay. Senior Living Investment Brokerage was able to work with the Seller to obtain a price of $123,000/unit at an 8.5% capitalization rate. The attractive, well maintained facility coupled with it’s excellent reputation attracted offers from across the country, The eventual Buyer is a national owner/operator. For additional infromation, please contact Brad Clousing at clousing@slibinc.com or binder@slibinc.com
