Senior Living Investment Brokerage, Inc. recently facilitated the sale of an 86-bed skilled nursing and assisted living facility located in Rose Hill, Kans. for $4.25 million, or about $55,900 per bed.
Rose Hill is a one-story, approximately 33,000-square-foot facility that sits on 5.5 acres of land. The skilled nursing section has 56 beds and was built in 1971, while the assisted living section has 30 beds in 20 units, and was built in 1978. It underwent renovations between 2001 and 2002.
The facility’s seller is a local independent owner/operator looking to retire from the long-term care industry, and sold Rose Hill to a regional owner/operator based in the Dallas-Forth Worth, Tex. area.
At time of sale the facility’s occupancy was approximately 94%.
Nick Cacciabando, Matthew Alley, and Jeff Binder of Senior Living Investment Brokerage handled the transaction.
Written by Alyssa Gerace