Looking to BUY Vacant or Under-performing ASSISTED LIVING FACILITY

[Carmen Alexe]

Nationwide, preferably Distressed but not a requirement.  Direct Sellers or Direct Agents, only. 

• Average price 2-6MM
• Mid-sized to larger facilities with at least 40 beds
• No real age preference on the property
• Urban settings are much more preferred to rural
• Must have been a licensed facility, but the state license(s) can be expired. No conversions of non-previous senior housing.

Please contact me right away if this comes up your alley.  Thank you!

Carmen Alexe

http://carmenalexe.wordpress.com/about/

[Carmen Alexe]

Campbell, we need to wait about a couple of weeks.  Thanks!

[Jamal Morris]

Carmen,

Let me know if you would be interested in two assisted living facilities in the Miami area. Fully occupied with waiting list. All licenses renewed January 2001.

 

[e-mail]

800.447.4125 ext. 101

[Norman Sutton]

Carmen

 

I have one available in Az.

 

If interested email me at [e-mail]

[Mark Anglin]

Have a class A facility built in 99 ...has 48 suites...listed at 4.7 M ...vacant... I am sure the bank would want to talk to you...Mark

[Norman Sutton]

Hello Mark

 

Where is it? I also have a buyer so please send your contact details to [e-mail]

[Mark Anglin]

Carmen and Norman...my sincere apologies to both of you on this ..the one that got away..I had been keeping an eye on this for some months and when I saw this thread I contacted the listing broker...he did not respond, so my partner and I went to take a look...and the NEW OWNER was there...apparently this broker did not update the listing...BTW..it went for approx 3.2 million...makes me absolutely sick...here is the link:

http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?L...

 

I am still looking any and all asset classes and will check in regularly on this site...happy hunting and best wishes to all and again...my apologies..it's STILL listed as active..Mark

[Mark Anglin]

have another with a 10 cap..399k noi last year, 40 beds built in 1999, turnkey, offered at 3.99 mil..I am not a principal but can lock it up if need be..

[Carmen Alexe]

Mark,  is it under-performing?  If it's at its full potential (and it probably is) no, my client is not looking for that. If it's underperforming or something is distressed then we may be interested! Thank you!