Assisted Living Facility Sold In Kingsland, TX
Matthew Alley sold an Assisted Living Facility with approximately 60 units in Kingsland, Texas. The transaction closed at $3,785,000. The facility was built in 1997 and on a total of 7.87 acres. The property has maintained a census around 73% for the past couple of years.
According to Matthew Alley, Managing Director, “The Kingsland transaction allowed for the outgoing operator to sell a non-core assisted living facility in order to focus on its skilled nursing holdings. This deal showed the benefits of SLIB’s local focus as the purchaser is a smaller owner-operator located in Texas.”
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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