Sold: 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.
For More Information, Please Contact Bob Richards…
For questions, contact Bob Richards at Senior Care Realty. Reach him by phone at 608-825-4200, ext. 1006 or by email at firstname.lastname@example.org .
Tagged Features: CBRF