MINEOLA, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Wood Memorial Nursing Home, located in Mineola approximately midway between Dallas and Shreveport, Louisiana.
The skilled nursing facility was built in 1964 and features 115 total beds. The facility saw improved EBITDAR from $100,000 in 2017 to over $1 million in 2020.
An owner-operator based in Central Texas sold the property to a Texas-based regional owner-operator for $7.4 million.
Matthew Alley, who previously sold this community in 2017, arranged the transaction for SLIB.