Considering Selling You Seniors Housing Facility?

There are few institutional quality portfolios and institutional individual assets for sale in the marketplace today.  This is going to force the tremendous amount of capital and institutional buyers to  invest in smaller portfolios or single communities located in 2^nd and 3^rdtier markets.   If you are a regional or individual owner of an assisted living facility or nursing home - now may be a great time to consider selling to take advantage of institutional pricing for your facility!

Call 312-896-0123 for a free valuation!

"We are Raising $1,000,000 a Day"

"We are raising $1,000,000 a day", "We are raising $1,000,0000 a day", "We are raising $1,000,0000 a day"....I heard this quote from several financial partners in the Seniors Housing Industry throughout the NIC conference.  The major theme from the NIC conference that I took away was the incredible liquidity in the Seniors Housing Marketplace.  Many groups are AGGRESSIVELY placing capital and are looking at single asset acquisitions.  They are able to complete single asset acquisitions instead of large portfolios by partnering with regional operators throughout the country to actually operate the facility.  

If you have ever considered selling your facility, it may be a great time to evaluate your "exit strategy".  We are completing transactions at unprecedented values because the extremely low cost of capital in the marketplace is driving prices upward.  

www.evansseniorinvestments.com

Financing: The Past 6 Months

It seems there is a disconnect with what owner/operators and industry professionals are seeing in the marketplace with regards to financing.  Speaking with folks across the country that own Seniors Housing and Long Term Care facilities, most are still under the impression that credit and financing are hard to come by.  We are seeing the contrary.  We have closed four transactions in the last 6 months using three different sources of financing: all cash, seller financing and conventional lending.  Regional banks are showing attractive term sheets and some private equity firms are raising over $1 million a day to place into the sector.  Not only are the open lines of credit a good thing to get transactions done, but owner operators have a plethora of options for refinancing loans with lower interest rates.  By informing owner/operators that the market has several options, we are building relationships, adding value, and exceeding our clients’ expectations.

For more information contact David Dobek (312) 896-0123

www.evansseniorinvestments.com

Evans Senior Investments Sells Colorado Seniors Housing Community for $28 Million

 

Evans Senior Investments (ESI) is excited to announce today the sale of The Vistas in Longmont. 

Located in Longmont, Colorado, the transaction totaled $28,000,000 and is the third transaction to come from the Boulder, Colorado office since opening less than nine months ago.  The Vistas in Longmont is a 124 unit Senior Housing Community with Independent and Assisted Living, as well as a secure Memory Care wing. 

Built in 2009 by a local developer, this facility is of institutional quality and was sold at an aggressive price.  ESI was able to procure competitive offers from ten different groups, but ultimately was sold for $28 Million, or $225,000 per unit.  The Capitalization Rate was below 6% with a 2011 annualized EBITDA near $1.5 million. 

"This was a direct correlation from two strategic business decisions: to open an office in Boulder expanding our presence West of the Mississippi and continue exceeding our clients expectations by bringing aggressive buyers from across the country to every deal," says President, Jason Stroiman. 

Independent Owner Leadership Conference - March 14-16, 2012

2012 Independent Owner Leadership Conference

The Stroiman Twins will be presenting:
 

What is Your Exit Strategy?
 

New Orleans, Louisiana

For more information please visit:  AHCA's Website

www.evansseniorinvestments.com

Make decisions based on facts NOT assumptions!

“My facility is worth at least $7.5M.”  I hear this comment from owners almost every single day.  The value is usually based on an old appraisal or based on several “loose” assumptions.  Do you make an assumption of what your long term care facility is currently worth in the marketplace?  Do you know the exact value of your long term care facility? Is it worth "at least $7.5M" or is it $9M or $5M.

 

As an owner, you are constantly making crucial short and long term strategic decisions.  Imagine how much easier it would be to make these decisions with a true understanding of the market value for your facility?  Is your facility worth $2M, $5M, $10M or $40M?…Wouldn’t it be nice to understand the facts so you can make a decision on a remodel, expansion, refinance, rent increase, or staff increase/decrease. 

We can quickly and confidentially provide a market value with 95% accuracy so you can begin making strategic decisions TODAY!