Skilled Nursing Facility Sold In Midland, TX
Matthew Alley sold a skilled nursing facility with approximately 106 beds in Midland, Texas. The transaction closed in July 2016 for $2,900,000. The facility was built in 1963 and added onto in 1996. The facility is on a total of 2.627 acres. The property has maintained a census around 74% for the past couple of years.
According to Matthew Alley, Managing Director, “The Midland transaction allowed for the outgoing operator to sell a facility that was outside its geographic scope. This deal showed the benefits of SLIB’s local focus as the purchaser is a mid-sized 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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