SLIB Negotiates Sale of Two-Property Portfolio in Texas

by Jeff Shaw

BRYAN and CALDWELL, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and skilled nursing facility in Bryan, as well as a skilled nursing facility in Caldwell. The cities are located east of Austin and northwest of Houston.

Offering 237 beds, the communities total approximately 137,265 square feet.

The seller is a nonprofit Catholic hospital system, which was selling its only skilled nursing/seniors housing communities. The buyer owns several skilled nursing facilities in Texas and is leasing the operations of these buildings to a group of out of the Dallas-Fort Worth area. The price was not disclosed.

Matthew Alley of SLIB handled the transaction.

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