SLIB Arranges $9.5M Sale of 120-Bed Skilled Nursing Facility in Arkansas

SILOAM SPRINGS, Ark. — Senior Living Investment Brokerage has arranged the sale of Siloam Springs Nursing & Rehabilitation, a skilled nursing facility in Siloam Springs, located in the northwest corner of Arkansas near the Oklahoma border.

A one-facility operator sold the facility to a New York-based private equity group and a newly formed operator for $9.5 million.

The property was built in 1976 and renovated in 1989 and 2016. The facility features 120 units. The sale price equates to $79,000 per bed and a 12.3 percent capitalization rate.

Bradley Clousing, Toby Siefert and Dan Geraghty of Senior Living Investment Brokerage handled the transaction.

The Seller was a local one-facility operator. The buyer was a NY- based private equity group in conjunction with a newly formed operator.