Assisted Living, Memory Care Community Sold In Hobbs, New Mexico
Matthew Alley of Senior Living Investment Brokerage was engaged to sell a 69-unit Assisted Living and Memory Care community in New Mexico. The building consists of 54 assisted living units and 15 memory care units. Originally constructed in 1964 as a hotel, the building was converted in 1990 to seniors housing. The building was subsequently renovated in 2002 and again in 2010. The one and three story building is comprised of approximately 63,500 square feet on 2.4 acres. The community has a strong operating history and an excellent reputation in the market. At the time of sale, the census was 87%. The Seller is a national owner/operator based in Oregon who was divesting this asset to utilize the capital for other corporate purposes. The Buyer is a regional owner/operator based on the east coast.
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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