The Community
SLIB brokered the value-add sale of an Independent Living community in the DFW sports epicenter of Arlington, Texas. At start of marketing, the community generated >$200,000 in NOI at 67% occupancy. Greenfield Residences of Arlington includes 178 total ILF units, plus its own dog park, two expansive courtyards, full-service salon/barbershop, country store, covered balcony, and more. The community is located just six miles from Globe Life Park, five miles from AT&T stadium and seven miles from Six Flags Over Texas, making this the perfect destination for senior residents and visiting families.
The Process
This transaction allowed the Operator to quickly exit the only facility it operated in Texas. The deal leveraged SLIB’s local focus as the Purchaser is an owner-operator with a smaller platform in the Dallas / Fort Worth area. SLIB generated six competitive offers, and the transaction closed within three months of signing the PSA.
The Result
The Seller group was a publicly-traded investment company, and the Buyer is a local owner-operator. The Buyer groups looks forward to investing in this community and stabilizing internal operations to build census and add further value to the community.
Greenfield Residences of Arlington
The Community
SLIB brokered the value-add sale of an Independent Living community in the DFW sports epicenter of Arlington, Texas. At start of marketing, the community generated >$200,000 in NOI at 67% occupancy. Greenfield Residences of Arlington includes 178 total ILF units, plus its own dog park, two expansive courtyards, full-service salon/barbershop, country store, covered balcony, and more. The community is located just six miles from Globe Life Park, five miles from AT&T stadium and seven miles from Six Flags Over Texas, making this the perfect destination for senior residents and visiting families.
The Process
This transaction allowed the Operator to quickly exit the only facility it operated in Texas. The deal leveraged SLIB’s local focus as the Purchaser is an owner-operator with a smaller platform in the Dallas / Fort Worth area. SLIB generated six competitive offers, and the transaction closed within three months of signing the PSA.
The Result
The Seller group was a publicly-traded investment company, and the Buyer is a local owner-operator. The Buyer groups looks forward to investing in this community and stabilizing internal operations to build census and add further value to the community.
