$17 Million Independent Living, Skilled Nursing Facility Sold In Dallas, TX
Matthew Alley sold a 303-bed Skilled Nursing and Independent Living Facility in Dallas. The transaction closed at $17 million, which was $56,106/bed and 0.86x revenues. The 206,000 square foot facility was built in 1960. The property has maintained a census around 87% for the past couple of years. The Seller is a regional owner/operator who sold the facility as a strategic divestment. The Buyer is a publicly traded group that owns multiple properties 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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