RENO, Nev. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Regent Care Center, a 174-bed skilled nursing facility in Reno.
A nonprofit owner-operator from Texas sought to divest its only non-Texas asset. A Southern California-based regional owner-operator looking to expand in Nevada acquired the facility for $13.6 million.
The sale included vacant land that could be developed into additional units. The facility was built in 2000 and has strong revenues despite average occupancies between 60 and 65 percent, according to SLIB.
Jason Punzel, Matthew Alley, Brad Goodsell and Vince Viverito of SLIB handled the transaction.