Pair Of Assisted Living Facilities Sold In Tomball, TX
Patrick Burke and Matthew Alley of SLIB sold a 38 unit ALF (licensed for 60 beds) and a 30 unit ALF (also licensed for 60 beds) in Southeastern Texas. Located next to each other, one of the facilities focused on Alzheimer care. The Seller is a local independent owner/operator. The Buyer is headquartered on the East Coast and owns several facilities in Texas. The facilities sold for $6.750,000 ($99,250/unit). The census at the time of sale was 77% and the transaction sold at a 10.3% cap rate. The new owner expects to take advantage of increased marketing and expense management to further improve the financial performance.
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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