October 16, 2019
GLEN ELLYN, IL–SLIB, a leader in the seniors housing market, facilitated the sale of a 122-bed skilled nursing community located within a rapidly growing submarket within the Savannah, Georgia MSA. The community is licensed by the State of Georgia for 122 beds but currently only utilizes 88. The 4.9 acre site allows for an expansion of the facility in order to utilize all of its licensed beds. The community is a four-star rated facility and benefits from limited competition and a strong reputation in the local market.
According to Dan Geraghty, Senior Associate, “SLIB received multiple bids on this community while maintaining confidentiality throughout the process. The Seller ultimately selected the Buyer whose future goals lined up well with the staff and residents of the community.”
SLIB was able to leverage the nationwide marketing platform to create a national, yet confidential market for this offering. Daniel Geraghty and Brad Clousing handled the transaction.