Memory Care Community Sold – Dallas, TX
Matthew Alley sold a memory care community comprised of 52 units. The transaction closed in April 2017 for $4,500,000. The facility was built in 2008. The facility is on a total of 4.638 acres. The property has maintained a census around 56% for the past couple of years.
According to Matthew Alley, Managing Director, “The Dallas transaction allowed for the outgoing operator to sell a memory care facility that was struggling with census. This deal showed the benefits of SLIB’s nationwide presence as the purchaser is making its first acquisition in Texas.”
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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Nationwide Presence – Texas Focus