$11.5 Million Independent Living Facility Sold In Arlington, TX
Matthew Alley sold a 178-unit Independent Living Facility in Arlington, Texas. The transaction closed at $11.5 million, which was $65,163/unit and 4.1x revenue. The three story 128,486 square foot community was built in 2002. The Seller is a commercial real estate firm and this was their only senior housing asset. The Buyer is a REIT that invests in healthcare-related real estate and the Operator is a company headquartered in Virginia.
According to Matthew Alley, Managing Director, “The Arbrook Independent Living transaction accomplished the goals of the Seller allowing them to divest of a non-core asset at a strong price, while the Purchaser was able to acquire a community with a great deal of upside in a solid market. SLIB was able to procure four strong offers, and the Purchaser paid all cash for the community.”
For more information on the above transaction, or to inquire about the value of your Senior Living Communities, please contact Matthew Alley.
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