Matthew Alley sold a 36-unit Assisted Living Facility in Kerrville. The transaction closed at $2.4 million which was $66,667/unit and 1.7x revenues. Built in 1997, the property is approximately 25,000 square feet and is situated on 2.5 acres of land. The community was underperforming due in part to recent turnover in staff. The census at the time of the sale was 56%. The Buyer expects to be able to take advantage of increasing the marketing budget and stabilizing the staffing.
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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