Senior Living Investment Brokerage, Inc. recently facilitated the sale of an 88 unit Independent Living and Memory Care Facility in Texas. The community is comprised of 56 Independent Living units and 32 units/36 beds of Memory Care. The asset is approximately 73,000 square feet and is situated on approximately 24.03 acres of land. The property is located in a town 46 miles southwest of Dallas in Johnson County. The property was originally built in 1988 and renovated in 2003. The overall census at the time of sale was 99%. The cap rate on this sale was 8.9% and the EGIM was 3.17X.
Matthew Alley of Senior Living Investment Brokerage, Inc. represented the Seller in the transaction. Matt was able to procure multiple qualified offers on the Seller’s behalf. The Seller of this seniors housing community is a local, independent owner operator. The Seller was operating under a forebearance agreement with their lender. The Buyer chosen is a hospital provider headquartered in the Dallas Fort Worth metroplex and owned by funds managed by an investment advisor. For additional information on this sale or to discuss how Matthew Alley of Senior Living Investment Brokerage, Inc. can assist with the sale of your Seniors Housing property, contact Matt at 630/858-2501 or firstname.lastname@example.org