Senior Living Investment Brokerage Announces Sale of Des Moines, Iowa Nursing Facility


Senior Living Investment Brokerage, Inc. recently announced that represented the seller in the sale of a Skilled Nursing Facility consisting of 74 beds located in downtown Des Moines, Iowa and near a regional hospital.  The facility was sold for $1.65 million or approximately $22,300 per bed and was at 78% occupancy at the time of the sale.

The facility, which was constructed in 1965, was owned and operated by ABCM Corporation before its sale to The Rehabilitation Center of Des Moines, LLC, a subsidiary company of Skilled Healthcare Group out of California.  The new owners will begin renovations to improve services and rehabilitation areas of the facility which will include construction of an Express Recovery Unit.