Assisted Living Facility Sold In Montgomery, TX
Matthew Alley sold a 33 unit Assisted Living Facility in Montgomery, Texas. The 23,480 square foot facility was built in 1987 and updated in 2007. The property has maintained a census around 91% for the past couple of years. The Seller is an independent owner/operator. The Buyer is an independent owner/operator located in the Dallas/Fort Worth Area. The transaction closed in March 2015 at $2.537 million, which was $76,894/unit and 1.99x revenues.
According to Matthew Alley, Managing Director, “The Montgomery transaction was an unconventional deal. There were three separate buildings with three separate licenses on the same site. It took a concentrated marketing effort to find an independent operator that was excited to take on a unique facility.”
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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