Senior Living Investment Brokerage facilitated the sale of a 49 Unit / 75 Bed Memory Care Community located in Eugene, Oregon.
Situated in the southwest region of the state, fifty miles east of the Oregon coast, Eugene is the second largest city in the state. Constructed in 2000, the campus consists of five residential buildings and one administrative building all of which feature a one-story, wood frame construction. The Seller is a national owner and operator who was making a strategic divestiture to raise capital for other corporate needs. The Buyer is a regional provider of senior housing services based in the Seattle MSA. At the time of the sale, occupancy was near 100%.
The facility sold for $11.8 million, or approximately $240,816 per unit. Jeff Binder, Ryan Saul, and Matthew Alley of Senior Living Investment Brokerage, Inc. handled the transaction.
“The sale of Good Neighbor Care of Eugene was truly a team effort and the pricing would not have been made possible without the incredible operating performance over the last several years under the management of Good Neighbor Care. The disposition was a strategic one for the Seller allowing them to access capital for other corporate needs. This is another example of our confidential, client-focused, marketing process reaping significant dividends for our clients,” said Jeff Binder of Senior Living Investment Brokerage, Inc.