WASHINGTON, D.C. — Senior Living Investment Brokerage has arranged the sale of Brinton Woods, a 183-bed skilled nursing facility in Washington, D.C.
A partnership between a private investment group and an East Coast operator acquired the facility from a regional owner-operator looking to reduce its exposure to D.C. The price was $30 million, or $163,934 per bed. The capitalization rate was estimated at 10.4 percent.
Brinton Woods was constructed in 1982, and recently underwent $1 million in capital improvements. The 63,082-square-foot community was 94 percent occupied at the time of sale.
Bradley Clousing and Toby Siefert of Senior Living Investment Brokerage handled the transaction.