Assisted Living Facility Sold In Hillsboro, TX
Matthew Alley sold a 46-unit Assisted Living Facility located in Hillsboro, Texas. The transaction closed at $4.15 million, which was $90,217/unit and 3.04x revenues. The 29,780 square foot facility was built in 1999. The property has maintained a census around 93% for the past couple of years. The seller is an independent owner-operator looking to exit the senior housing business. The buyer is a regional owner/operator based in East Texas.
According to Matthew Alley, Managing Director, “SLIB was able to find a smaller, regional owner-operator that was looking to utilize a 1099 exchange for a recent sale. The buyer paid for the seller to prepay its HUD loan and purchased the property using all cash.”
For more information on the above transaction, or to inquire about the value of your Senior Living Communities, please contact Matthew Alley.
Nationwide Presence – Texas Focus