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LEONARD, Tenn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Leonard Manor, a 79-bed skilled nursing facility in Leonard approximately 60 miles northeast of Dallas, for $1.2 million.
Built in 1970, Leonard Manor is a 17,068-square-foot situated on 1.5 acres of land. At the time of sale it was 34 percent occupied.
The seller is a private owner/operator looking divest this property. The buyer, also a private owner/operator, was looking to expand its presence in East Texas.
Matthew Alley of SLIB handled the transaction.