June 19, 2023
CARROLLTON, TX — Senior Living Investment Brokerage (SLIB) has facilitated the sale of an assisted living and memory care community in the Dallas suburb of Carrollton. Comprised of 62 units, the community is roughly 40,000 square feet on approximately 3.6 acres of land.
The seller is a private equity group with a regional senior housing portfolio looking to divest this community. The Dallas-based buyer is a private investment group with a national senior housing portfolio partnering with a local operator. There were multiple offers from both regional and national buyers to buy this community; the transaction was handled by Matthew Alley and Jeff Binder of SLIB.
“This transaction showed the national reach of SLIB to create a marketplace that included buyers from both Texas and outside of the state,” stated Matthew Alley, Managing Director of Senior Living Investment Brokerage. “SLIB was able to help navigate through some of the challenges of working through the buyer’s assumption of the existing HUD loan.”