CCRC Sold In Clearwater, Kansas
Senior Living Investment Brokerage sold a 114 bed/unit CCRC in a suburb of Wichita. The 64-bed Nursing Facility was built in 1969, while the 32 Assisted Living units, 14 Alzheimer’s units and 2 Independent Living duplexes were constructed in 1999. The Nursing Facility is located a few blocks from the ALF/ILF campus. The census at the time of sale was 93% SNF and 78% for the ALF/ILF. Despite the overall census, the facility was not profitable. The Seller was a not-for-profit community board. After a very competitive bidding process, the successful buyer was an owner/operator headquartered in the Dallas-Fort Worth area. With an existing presence in Kansas, the Buyer anticipates improving the operating efficiencies.
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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