SLIB Arranges $2.8M Sale of Assisted Living Facility in Texas

MOUNT VERNON, Texas — Senior Living Investment Brokerage has arranged the sale of Mount Vernon House, a 50-unit assisted living community in Mount Vernon, approximately 100 miles east of Dallas.

The 41,000-square-foot property sits on 2.5 acres and was constructed in 1994. A local doctor acquired the community from an independent owner-operator for $2.8 million, or $56,000 per unit.

The community was approximately 58 percent occupied at the time of sale. Matthew Alley of Senior Living Investment Brokerage arranged the transaction.