SLIB Arranges $3.4M Sale of Community in East Texas

HUNTSVILLE, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Lexington Center, a 40-unit assisted living facility in Huntsville, approximately 70 miles north of Houston.

A local family owner-operator existing the industry was the seller. An independent, Houston-based owner-operator bought the property for $3.4 million.

The community 35,686-square-foot community sits on 6.7 acres and was built in 2004. Occupancy was 83 percent at the time of sale.

Matthew Alley of SLIB arranged the transaction.