Although Evans Senior Investments have been representing groups across the country, with the addition of David Dobek to the team, Evans Senior Investments is beginning to make more of a presence in the Western United States. “We’ve made a strategic push west of the Mississippi not only to identify new clients but we’ve also found a large quantity of new, aggressive buyers. This has increased our ability to bring buyers to bid on properties not only on the West coast but around the country,” says Jason Stroiman, President of Evans Senior Investments.
The first opportunity is an assisted living facility in Utah. The building is less than one hour from the Salt Lake City Airport which is extremely convenient for an out of state buyer. The price is less than the replacement cost and is based on a 10% capitalization rate. The physical plant was extremely overbuilt, and it is considered institutional in quality.
The second facility for sale is a skilled nursing facility in Oklahoma. The facility has over 200 beds and has recently renovated their Medicare wing. The asking price is $18,000 per bed because the facility is currently in receivership and the real estate owner is looking to liquidate his investment.
Those interested in learning more about these featured facilities should contact Evans Senior Investments at (312)896-0123 or visit Evans Senior Investments’ website at www.evansseniorinvestments.com. Evans Senior Investments will continue to seek out new and valuable investment opportunities, ensuring that both sellers and buyers have access to wide-ranging markets across the country.
January 10, 2011
December 03, 2010
Now is the Time to Sell
Deciding when to sell your Seniors Housing or Long Term Care Facility can be extremely difficult, and as a result, certain market variables must always be monitored. As 2010 comes to a close, it is important to think about what 2011 will bring for the Seniors Housing Market.
As we start a new decade, facilities that were built in the early 2000's are no longer considered new or innovative assets. Buildings that are 8-15 years old often were built with a different design than if built today.
For example:
* Majority of units are studios or small bedrooms
* Limited common space
* No secured unit for Memory Care
* Physical plant prohibits catering to higher level acuity residents
The above facilities will eventually become functionally obsolete. Facilities built in the last 24 months have large rooms, 1-2 bedrooms, and an abundance of common space.
Selling older facilities today will insure you maximize your value and investment. Now may be the perfect time to sell before your asset drops to the next tier and your exit value decreases.
Another reason to consider selling your facility is capital gain taxes. In 2010 we have had all-time low capital gain tax rates. Sellers that don't act soon may miss out on low capital gain rates. There are significant discussion that there will be a capital gains tax rate increase in 2011. Selling your Seniors Housing Facility now can help to ensure you lock in lower tax rates on capital gains.
If you are interested in learning what your facility is worth today, please call (312) 896-0123
As we start a new decade, facilities that were built in the early 2000's are no longer considered new or innovative assets. Buildings that are 8-15 years old often were built with a different design than if built today.
For example:
* Majority of units are studios or small bedrooms
* Limited common space
* No secured unit for Memory Care
* Physical plant prohibits catering to higher level acuity residents
The above facilities will eventually become functionally obsolete. Facilities built in the last 24 months have large rooms, 1-2 bedrooms, and an abundance of common space.
Selling older facilities today will insure you maximize your value and investment. Now may be the perfect time to sell before your asset drops to the next tier and your exit value decreases.
Another reason to consider selling your facility is capital gain taxes. In 2010 we have had all-time low capital gain tax rates. Sellers that don't act soon may miss out on low capital gain rates. There are significant discussion that there will be a capital gains tax rate increase in 2011. Selling your Seniors Housing Facility now can help to ensure you lock in lower tax rates on capital gains.
If you are interested in learning what your facility is worth today, please call (312) 896-0123
November 24, 2010
November 17, 2010
Evans Senior Investments Hired to Sell Oklahoma Facility
Evans Senior Investments was recently hired to sell a large Skilled Nursing Facility in Oklahoma. The facility has over 200 beds and has tremendous upside. This would be an ideal for an experienced skilled nursing operator to step in and help build census and turn the building around. The facility currently has a court appointed receiver.
For more information about this facility please contact Jason Stroiman at (312) 896-0123.
October 18, 2010
Evans Senior Investments Makes Push West of the Mississippi River
Evans Senior Investments will have several opportunities West of the Mississippi River including Skilled Nursing and Assisted Living Facilities. Jason will be visiting Oklahoma October 20-22, and Jason and David Dobek will be in Colorado October 27-29.
Time after time we are able to procure numerous offers from buyers across the country and create a competitive bidding arena. If you are looking to sell your senior housing facility, or would just like to discuss today's market in either of these states, please contact Jason Stroiman at (312) 896-0123.
Time after time we are able to procure numerous offers from buyers across the country and create a competitive bidding arena. If you are looking to sell your senior housing facility, or would just like to discuss today's market in either of these states, please contact Jason Stroiman at (312) 896-0123.
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