Select Sold Properties
If you have any questions about these transactions, let us know. Appraisers are welcome to connect with us for information on comparable sales of these assisted living facilities.
15-Bed CBRF North of Green Bay
Senior Care Realty is proud to announce the recent sale of a 15-Bed assisted living community located NW of Green Bay, Wisconsin. All 15 rooms are private and include half bathrooms. Recent improvements include a new metal roof and new driveway. The building has a full sprinkler system, generator, and alarm system. There is also a large 50 x 30 garage for storage. The community sits on 3 acres with room for expansion, a new owner could add a bolt-on memory care unit.
This listing was purchased for $650,000
Assisted Living & Memory Care Community
Senior Care Realty is proud to announce the recent sale of a 112 unit Assisted Living and Memory Care community located in the Fox Valley of Northwest Wisconsin. In order to achieve a successful sale for the owners, a husband and wife team, SCR utilized a team approach that included Daren Dudgeon, Bob Richards and Chad Wegner that would ultimately culminate in a streamlined transition for the seller. The buyer is a National organization that will utilize their in-house operating team to ensure the facility remains of the highest quality.
The facility was purchased for $24,000,000 / $214,000 per unit
24-Bed South East Wisconsin Portfolio
Senior Care Realty is proud to announce the recent sale of a portfolio of two Community Based Residential Facilities on one site in South Eastern Wisconsin. This portfolio included a total of 24 licensed beds.
The listing was purchased for $2,550,000
8-Bed CBRF In NW Wisconsin
Senior Care Realty is proud to announce the recent sale of an 8-Bed Community Based Residential Facility. Located in beautiful Northwest Wisconsin, it is about an hour drive from Minneapolis. There are 6 private rooms and 1 double room. Currently all 8 beds are full and they are fully staffed. This AL community has been family run for over 30 years, with the second generation currently operating and managing it.
The listing was purchased for $749,000
12-24 Bed Vacant Facilities in SE Wisconsin
Senior Care Realty is proud to announce the recent sale of two buildings located about an hour from Madison and Milwaukee and less than two hours from Chicago. Each facility has 6 double-sized bedrooms with closets, 2 walk-in bathrooms and 1 powder room, full kitchen, laundry room, spacious living and dining rooms. They both include full sprinkler systems with fire/smoke alarms and they are handicapped accessible. Each building could be licensed up to 12 beds, for a total of 24 beds. Zoned Institutional Residential for independent living, assisted living, memory care, skilled nursing, group homes, rehab centers, etc.
The listing was purchased for $499,000
46-units in the Midwest
Senior Care Realty represented the Seller who was a family looking to retire. The buyer was a regional owner/operator with locations across the Midwest.
The 46-unit listing was purchased for $4,500,000
40+ Unit Dane County WI Portfolio
Senior Care Realty is proud to announce the recent sale of a portfolio comprising two Community Based Residential Facilities located in two Dane County communities. The facilities are located 10 miles apart.
This portfolio included a total of over 40 units. Current occupancy was at 69% which offers upside for a new owner. A new owner can also increase monthly revenue by increasing the number of private pay residents.
The portfolio of business and real estate was purchased for $4,000,000
Southeast Wisconsin Community
Senior Care Realty represented the Seller of an 80+ Unit Community in Southeast Wisconsin. Bob Richards was the client-advisor for the sale. The community was purchased by an out of state Buyer.
The community was purchased for $8,000,000
Northern Wisconsin Portfolio
Senior Care Realty represented the Seller of a portfolio of 15 Community Based Residential Facilities in Northern Wisconsin. Bob Richards was the client-advisor for the sale. The facilities were purchased by an out of state investor. Senior Care Realty was able to connect the Buyer with a local Management Company that will handle the operations of the communities as well as connect the Buyer with a preferred lender of Senior Care Realty. The communities were purchased for a total of $13,350,000 which was a 9.1% CAP Rate based on 2021 Financials.
The facility sold for: $13,350,000
15-Bed CBRF in Central Wisconsin
Senior Care Realty is proud to announce the recent sale of a 15-Bed Community Based Residential Facility. Located in central Wisconsin, it sits on 4+ acres. The owners were a husband and wife team that were seeking to retire after running a successful assisted living community for many years.
The facility sold for: $525,000
Established CBRF in Strong Southern Wisconsin Market
Senior Care Realty recently sold this 8-bed community based residential facility (CBRF) in southern Wisconsin.
The facility sold for: $525,000
NW Wisconsin Assisted & Independent Living
Senior Care Realty recently sold this 32 unit senior care facility that consists of both assisted living and independent living units.
The facility sold for: $3,000,000
75-Bed AL Portfolio Located in North East Wisconsin
Senior Care Realty represented the Seller of two senior living properties in Northeastern Wisconsin. This offering includes the following:
Property 1:
A 45-unit community based residential facility licensed for 50 residents
Originally built in 2011, has had two separate expansions: one in 2014, and one in 2017
Recent census of 45 residents
Serves primarily Alzheimer’s/Dementia residents
Property 2:
23-unit community based residential facility licensed for 25 residents
A former restaurant, was converted to assisted living in 2016
Recent census of 24 residents
Servers primarily Alzheimer’s/Dementia residents
Potential for additional expansion
The facilities sold for $13,475,000
Two 8-Bed Community Based Residential Facilities
Senior Care Realty represented the Seller of two 8-Bed Community Based Residential Facilities located in the Fox Valley, Wisconsin. Bob Richards was the client-advisor for this sale. Bob was able to connect the Buyer and Seller in a confidential manner and was also able to assist in arranging financing through a preferred lender of Senior Care Realty.
The facilities sold for $1,850,000 at $115,625 per unit.
Milwaukee Area Assisted Living
Two-story, 25+ bed community in a community based residential facility, CBRF has some historic characteristics along with some modern updates.
Occupancy rate of 96%.
Asking price of $1,450,000, a 9% capitalization rate based on 2018 net operating income, and $54,000 per bed.
52 Bed Assisted Living Facility
Senior Care Realty helped the owner confidentially sell a 52 bed assisted living facility located in northeast Wisconsin. The facility had been operating at 88% of capacity.
The property was offered at a price of $4,100,000.
28 Bed ALF in Milwaukee
Senior Care Realty represented the seller of a community based residential facility in Milwaukee, Wisconsin. The facility had a maximum capacity of 28 residents and was recently 79% occupied.
Purpose built facility that opened in 1997
Improved marketing may increase the current 79% occupancy rate
Payer mix is currently only 5% private pay
Potential upside and turnaround opportunity
The business and real estate were offered as a package for an asking price of $1,600,000, or just $57,143 per licensed bed.
16 Bed CBRF in Central Wisconsin
Senior Care Realty is exclusively and confidentially representing the seller of a 16 bed assisted living facility in central Wisconsin. The facility recently operated at 70% of capacity.
5,064 square feet built new in 1995 on a 1.41 acre lot.
Monthly revenue in excess of $37,000 with only 7 of 10 units occupied.
Recent census was 71% private pay.
The business and real estate are offered as a package for an asking price of $550,000, or $37,375 per bed.
22 Bed Assisted Living Facility Near Milwaukee
Senior Care Realty recently helped a landlord and tenant sell their 22 bed assisted living facility. After the tenant let the landlord know they did not want to renew their lease with only a few years left, Senior Care Realty was contacted to help sell both the Business and the Real Estate/Building in two separate transactions. Senior Care Realty helped both sellers determine what each part was worth and negotiated the terms with a trusted regional operator to buy both the Business and Building together. The Real Estate/Building was sold quickly in October 2018 and once the state approved the license for the new buyer, the Operations were sold in February 2019.
Following the sale, the landlord left on a vacation to Florida and the tenant-operator took the cruise she always dreamed of. The buyer kept the same staff employed and they will continue caring for the residents in the high quality way they’ve done in the past.
Attractive, newer one-story assisted living facility.
About 35% private pay with census improvement opportunity.
Licensed capacity of 22 residents in 20 resident units.
Located in a community near Milwaukee, Wisconsin.
90 Bed Assisted Living Facility
Senior Care Realty represented the seller of a 90 bed assisted living facility in southeast Wisconsin.
Bob Richards from Senior Care Realty was the client-advisor for this sale. Not only did Bob help connect the buyer and seller in a confidential way, but he also helped navigate several issues that needed to be resolved for a successful closing. Bob also helped the buyer arrange the financing for the buyer’s acquisition through a preferred lender of Senior Care Realty.
33 Bed Wisconsin Assisted Living
This 33-bed assisted living facility is located in a southeastern Wisconsin community. The owners have been the operators for more than 10 years but are ready to retire.
The current operator has been experiencing stable revenue and increasing revenue over the past three years with 2015 revenue in excess of $1.2 million. Net operating income in 2015 was more than $300,000.
The property is being offered at a price of $3,000,000, a 10+% capitalization rate.
60 Bed Assisted Living Campus
In September 2017, this assisted living community sold to a family business that was looking for a good investment. After many years in other types of businesses and real estate, they decided to invest in senior living by purchasing this property. The process with this buyer went quite smoothly and quickly – but the sale didn’t start out that way.
Our client, the seller, originally made a deal with another buyer who made a very strong offer. We did our normal due diligence and looked into the buyer to help ensure that they could do what they said they would do. It all checked out. But events and circumstances came up with the buyer that were (mostly) beyond their control and that prevented them from closing. So we needed to go to Plan B.
Our Plan B was to go back to the market and confidentially secure another buyer for the property. It didn’t take long before another buyer made another strong offer, although not quite as strong as the first offer. Since the first buyer’s original offer, the property’s financial performance had declined a bit and the market seemed to cool just a little. The result was a slightly lower sale price but a sale nonetheless to a buyer that could get the job done.
Senior Care Realty helped the seller find many potential buyers confidentially and, in this case, enter into two different contracts for sales to two different buyers. We also helped the buyer connect with a first class management company who will be in charge of day to day operations at the property. In the end, the result was a happy seller-client and a happy buyer who is excited to pick up where the seller left off.
90 Bed Assisted Living Portfolio in Wisconsin
Senior Care Realty helped the owner confidentially sell this 90-bed assisted living portfolio is located in a Wisconsin community with a population over 100,000. The portfolio consisted of multiple buildings built in 1996 at two sites in the same market.
The current operator was experiencing occupancy rates around 94%. Many residents utilized public funding sources; 40% of the recent census was private pay. Annualized revenue was just under $3.5 million, and annualized net operating income was just over $1.1 million.
The property was offered at a price of $10,000,000, an 11.2% capitalization rate.
13 Bed Community Based Residential Facility
Senior Care Realty is confidentially offering for sale this 13-bed community based residential facility located in Columbia County, Wisconsin. Built in 1995, the single-story facility is 4,784 square feet and situated on a lot that is just under a half acre.
Revenue in 2014 exceeded $400,000, and bottom line net operating income was more than $120,000. Now priced at $400,000, this produces a very strong rate of return for an investor or owner-operator.
8 bed CBRF in Madison, Wisconsin
Senior Care Realty offered for sale this 8-bed community based residential facility located in Dane County, Wisconsin.
Built in 1994 and located in Madison, Wisconsin, the property has seven resident units but is licensed as an 8-bed Class CNA community based residential facility (CBRF).
The facility offers buyers an opportunity to step into a facility with a strong reputation and generate substantial revenue immediately.
The property was offered at $449,000, or $56,125 a bed, and sold for $430,000.
While leased to and operated by a local assisted living provider, the real estate property is owned by an entity whose members include the principals of Senior Care Realty, LLC.
Assisted Living Portfolio
While originally offered at $4.5 million, the final sale price for this assisted living community was $5 million. The property sold to a national assisted living provider who already had operations in the area, so it was a great fit that allowed the buyer to expand within an existing market for them.
The seller was a family business. One element of this transaction was managing the desires of multiple family members and helping maintain all necessary communication. Bob Richards helped with discussions among family members so that everyone was informed and heard throughout the sale.
68 Unit Assisted Living Facility
Senior Care Realty represented the seller of a 68 unit assisted living facility. The facility had 48 apartment units offering assisted living, and 20 units offer memory care in a separate but attached building. The facility was located minutes west of Madison, Wisconsin.
The facility was 97% occupied with annual revenue in excess of $3 million. Net operating income for the 12 months prior to closing was about $990,000. During the year before sale, the facility experienced greater than normal vacancy but recovered nicely in the months before sale. Annualized NOI for the four months prior to sale was $1,150,000.
After leading this facility since it first opened, the owners were ready for a change in lifestyle. They completed the sale and moved into semi-retirement, leading a life with a flexible schedule and a chance to enjoy the fruits of their labor. It worked out well.
The facility sold in November 2013 for $12,000,000.