WACO, Texas — Senior Living Investment Brokerage has arranged the sale of two skilled nursing facilities in Texas for $9.3 million.
The portfolio consists of a 131-bed facility built in 1978 and a 115-bed facility built in 1964. The seller was a family owner-operator looking to exit the skilled nursing business. The buyer is a Waco-based independent owner-operator.
The new owners plan to increase operational efficiencies to take advantage of a strong revenue and occupancy base.
Matthew Alley of Senior Living Investment Brokerage arranged the transaction.