Pair of Skilled Nursing Facilities Sold In Atlanta, TX
Matthew Alley and Jeff Binder have sold a pair of Skilled Nursing Facilities in Texas. The facilities, located in the same city, include a 120 bed facility built in 1994 and a 108 bed facility built in 1970. The Seller is a local, independent Texas owner/operator. The Buyer is an owner/operator from New York that already owns several facilities in Texas. One of the facilities is profitable while the other is a non-performing facility. The facilities sold for $5,250,000. This translates to .84x GIM or $23,025/bed.
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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