Assisted Living Facility Sold In Oklahoma City, OK
Matthew Alley and Nick Cacciabando of SLIB sold a 124 unit Assisted Living Facility located in Oklahoma City, OK. The facilities were built in 1998, added onto in 2001 & 2005 and are on a total of 4.95 total acres. The properties have maintained a census around 77% for the past couple of years. The Buyer is a non-profit entity looking to expand their seniors housing presence. The transaction closed at $13.750 million, which was $110,887/bed and 3.8x revenues.
According to Nick Cacciabando, who arranged the transaction with Matthew Alley, “The seller, a family-owned company, developed and operated this property since its inception. While pricing was important, they were just as concerned with the future of their staff and residents. We were able to find a buyer who gave the seller comfort in knowing that their legacy would be maintained for years to come at a very aggressive price.”
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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