$7.6 Million Skilled Nursing Facility Sold In San Marcos, TX
Closed: May 1st, 2019
SLIB arranged the $7.6M sale of a high quality Skilled Nursing Facility located in San Marcos, Texas. Regent Care Center of San Marcos shows excellently for its 2008 construction. The community encompasses +/- 90,000 sq. ft. on a +/- 7.7 acre lot, offering 174 total licensed skilled nursing beds. Multiple regulatory issues faced the community in the past, causing low census and high turnover. An experienced director brought in at the beginning of 2018 has already brought significant improvements and boosted the community’s CMS star rating. The community is now on track for success.
“This transaction allowed for the outgoing operator to exit this market. This deal shows the benefits of SLIB’s local focus as the purchaser is a mid-sized owner-operator with other facilities located in Texas. There were some regulatory issues at the facility, which the Buyer hopes to correct and build census.”
-Matthew Alley, Managing Director
San Marcos is located in central Texas, approximately 30 miles south of downtown Austin and 50 miles northeast of downtown San Antonio. Major highways providing access to the community include Interstate 35 and Highways 21, 80 and 123.
Matthew Alley of Senior Living Investment Brokerage secured a buyer for this turnaround transaction.
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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