Independent Living Facility Sold In Longview, TX
Matthew Alley and Jeff Binder sold an 131-unit Independent Living Facility in Texas. Senior Living Investment Brokerage was hired to confidentially market this attractive, three-story independent living facility located in Longview, Texas. The building, constructed in 1985 and 2010, is 102,350 square feet and offers a nice mix of studio, one and two bedroom apartments and offers ample amenities. The property has a strong operating history, including several years at, or near, full census. Additional care services are provided by a third party, unaffiliated home health agency. The facility is on 4.52 acres with an additional 1.62 parcel of land included in the sale which could be used for future development. The stable financial history, solid reputation and quality location helped secure multiple offers leading to a sale price of $13,000,000. The buyer is a national owner/operator of seniors housing facilities. SLIB was chosen to represent the seller for our track record and ability to selectively market the facility in a confidential manner.
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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