Skilled Nursing and Assisted Living Portfolio Sale in North Carolina
DECEMBER 2022
Senwell Senior Investment Advisors was engaged to advise on the successful sale of 6 facilities in North Carolina. The portfolio is made up of 691 licensed beds divided between five skilled nursing facilities and one assisted living facility. The facilities are predominantly located in the Charlotte, NC MSA, with one residing in the Winston-Salem, NC MSA.
The sellers, made up of 3 property owners and 1 owner-operator, were interested in transitioning the portfolio to: 1) a buyer who could close with certainty in this ever-changing interest rate environment, and 2) an operator who would treat the residents, patients, and staff with the same respect and dignity as the owner did for the last 35 years. After an aggressive and confidential marketing effort, Senwell’s process generated 16 competitive offers. The sellers ultimately chose to move forward with a partnership between Saber Healthcare, who will operate the facilities, and their partner, a publicly-traded REIT. The buyer’s partnership fit all the criteria the sellers were looking for.
After 35 years of serving the skilled nursing and senior living community, the owner-operator and her staff were able to give one last push to steadily increase occupancy throughout the process. While Senwell worked through all aspects of the transaction to successfully close, all parties worked diligently to close when both sides agreed they would. Brandon Bohland and Ben Bohland facilitated the transaction.
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LEAD ADVISORS:Ben BohlandManaging Partner |
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Brandon BohlandManaging Partner |
DECEMBER 2022
Senwell Senior Investment Advisors was engaged to advise on the successful sale of 6 facilities in North Carolina. The portfolio is made up of 691 licensed beds divided between five skilled nursing facilities and one assisted living facility. The facilities are predominantly located in the Charlotte, NC MSA, with one residing in the Winston-Salem, NC MSA.
The sellers, made up of 3 property owners and 1 owner-operator, were interested in transitioning the portfolio to: 1) a buyer who could close with certainty in this ever-changing interest rate environment, and 2) an operator who would treat the residents, patients, and staff with the same respect and dignity as the owner did for the last 35 years. After an aggressive and confidential marketing effort, Senwell’s process generated 16 competitive offers. The sellers ultimately chose to move forward with a partnership between Saber Healthcare, who will operate the facilities, and their partner, a publicly-traded REIT. The buyer’s partnership fit all the criteria the sellers were looking for.
After 35 years of serving the skilled nursing and senior living community, the owner-operator and her staff were able to give one last push to steadily increase occupancy throughout the process. While Senwell worked through all aspects of the transaction to successfully close, all parties worked diligently to close when both sides agreed they would. Brandon Bohland and Ben Bohland facilitated the transaction.
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LEAD ADVISORS:Ben BohlandManaging Partner |
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Brandon BohlandManaging Partner |
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