BASTROP, Texas — Senior Living Investment Brokerage Inc. (SLIB) has arranged the sale of a 120-bed skilled nursing facility in the Austin suburb of Bastrop.
A publicly traded REIT specializing in healthcare assets sold the facility to a self-advised real estate company focused on seniors housing for $3.5 million. The Texas-based operator was also looking to exit the asset.
Built in 1987, the facility averaged 48 percent occupancy prior to the sale. The name of the facility was not disclosed.
Matthew Alley of SLIB arranged the transaction.