Assisted Living Facility Sold In Tomball, TX
Matthew Alley sold a 37-unit Assisted Living Facility in Tomball, Texas. The transaction closed at $2.7 million, which was $72,973/unit and 2.18x revenues. The 20,793 square foot facility was built in 1999 with a 2005 addition. The property maintained a census around 100% for the past couple of years. The buyer is a regional owner/operator who is based in Oregon.
According to Matthew Alley, Managing Director, “The Tomball transaction allowed for the outgoing independent operator to exit the business and find a good fit for the community moving forward. This deal showed the benefits of SLIB’s national brand as the purchaser is an out-of-state company.”
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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