Skilled Nursing Facilities Sold
Pasadena and Mineola, TX
Matthew Alley sold a portfolio of Skilled Nursing Facilities in Texas. Vista Continuing Care Center is a 131-bed Skilled Nursing Facility in Pasadena, Texas approximately 17 miles southeast of Houston. Wood Memorial Nursing Home is a 115-bed Skilled Nursing Facility located in Mineola, Texas approximately 86 miles east of Dallas. Both properties maintained an average census of 83%. The transaction closed in August 2017 for $9,348,000.
According to Matthew Alley, “This transaction allowed for the independent owner/operator to exit the skilled nursing industry. This deal showed the benefits of SLIB’s local focus as the purchaser is a mid-sized owner/operator located in Texas, who closed the transaction in less than two months from LOI to closing.”
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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