SLIB Negotiates Sale of 66-Bed Trace Extended Care in Houston, Mississippi

by Jeff Shaw

HOUSTON, Miss. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Trace Extended Care, a 66-bed skilled nursing facility in Houston. Located in Chickasaw County, the property is 30 miles southwest of Tupelo and five miles north of the Natchez Trace Parkway.

The seller is Sunlink Health Systems Inc. (NYSE: American SSY), which was looking to redeploy capital and focus on its core business. The buyer is a Mississippi-based group looking to add to its existing presence in Mississippi.

Daniel Geraghty and Bradley Clousing handled the transaction for SLIB. The price was not disclosed.

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