Independent Living, Memory Care Community Sold In Keene, TX
Matthew Alley sold an independent living and memory care facility with approximately 88 units in Keene, Texas. The transaction closed in April 2016 for $7,650,000. The facility was built in 1988 and renovated in 2003. The facility is on a total of 24.03 acres. The property has maintained a census around 99% for the past couple of years.
According to Matthew Alley, Managing Director, “This was a very complicated transaction with the seller operating under a forbearance agreement with their lender. The buyer is a new entrant into the seniors housing industry.”
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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