SNF and IL facility sold in Texas

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Senior Living Investment Brokerage Inc. announced the sale of a skilled nursing and independent living facility in Baytown, TX, for $3.025 million.

The facility, which has 105 skilled nursing beds and 40 independent living units, was purchased by a for-profit owner-operator in Louisiana that declined to be named.

“This is a property that has significant deferred maintenance as well as negative cash flow. The for-profit buyer expects to be able to increase revenues through marketing and repositioning of the asset,” said Senior Living Managing Director Matthew Alley.