Skilled Nursing News July 3, 2024
A skilled nursing facility located in Longview, Texas, was sold to an owner-operator of several skilled nursing facilities in Texas.
Offering 108 beds, the community is approximately 24,653 square feet and sits on 3 acres of land. The community is enrolled in QIPP.
The seller is a Texas-based partnership, which was selling its only skilled nursing/seniors housing community. The building’s management company exited the operations three months prior to closing, which led to the discussion of a potential sale.
The sale was facilitated by Senior Living Investment Brokerage (SLIB).
“This transaction showed the local knowledge of SLIB to create a marketplace for a non-performing Texas building. SLIB was able to procure a group of seven offers, which led to a...
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