Skilled Nursing Portfolio Sold In Texas Panhandle
Matthew Alley sold a 408 bed, five facility skilled nursing portfolio in Austin. The transaction closed at $11 million, which was $26,960/bed and 0.95x revenues. The 100,000 square foot facility was built in 1958-1978. The property has maintained a census around 68% for the past couple of years. The Seller is a private owner/operator. The Buyer is a large real estate owner in California with several facilities in Texas. The owner/operator will be leasing the properties to a regional operator out of the Dallas-Fort Worth area.
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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