Assisted Living Portfolio Sold In Eastern Pennsylvania
Matthew Alley and Toby Siefert sold an Assisted Living Portfolio with approximately 250 units in eastern Pennsylvania. The transaction closed at an undisclosed price. The facilities were built between 1960 – 2004. The facilities are on a total of 4 acres. The properties have maintained a census around 66-85% for the past couple of years.
According to Matthew Alley, Managing Director, “It was a good opportunity for the seller to exit the seniors housing industry with the strong market and a buyer that was eager to purchase a package of multiple homes in eastern Pennsylvania. The buyer should be able to improve performance through increased marketing and some expense savings.”
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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