Senior Living Investment Brokerage, Inc. announced the closing of a $11.2 million, or $37,949 per bed, sale of a Skilled Nursing Facility located in Washington, D.C. The five story facility is located in eastern Washington, D.C. in one of the oldest communities in the area, the Deanwood Neighborhood. Consisting of 296 beds, the structure was originally developed in 1982. The facility consists of approximately 136,142 square feet and sits on 1.44 acres. At the time of the sale, occupancy at the facility was approximately 75%. The buyer, a large regional operator, will be assuming the existing HUD insured financing; the buyer plans to use their experience with larger nursing homes to increase operating efficiencies, improve the Medicare census, and continue to enhance the performance at the facility. Bradley Clousing and Jeff Binder of Senior Living Investment Brokerage, Inc. handled the transaction.
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