Skilled Nursing Facility Sold In Leonard, TX
Matthew Alley sold a 79-bed Skilled Nursing Facility located in Leonard, TX. The facility was built in 1970 on a total of 1.476 acres of land. The community maintained a census around 34% for the past couple of years. The Buyer is a private owner/operator looking to expand in Texas. This value-add transaction closed at $1.2 million, which was $15,190/bed and 0.74x revenues.
According to Matthew Alley, Managing Director, “This nursing home, while struggling with census, was a geographic fit for the buyer’s expansion plans in East Texas. It shows that there is a market for turnaround deals 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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