SLIB Facilitates Sale of Pflugerville, Texas, Assisted Living Community
GLEN ELLYN, IL–SLIB, a leader in the seniors housing transaction market facilitated the sale of Heatherwilde Assisted Living of Pflugerville, TX. The community encompasses +/- 24,000 sq. ft. on a +/- 2.6 acre lot, offering 40 units and 48 operational beds. Some units offer a private enclosed patio, and all units include a kitchenette. The community is highly visible in the surrounding neighborhood, as it is adjacent to Pflugerville Health Care Center and Pflugerville Middle School.
Pflugerville is located in central Texas, approximately 16 miles northeast of downtown Austin. Major roadways providing access to the community include Interstate 35, Highway 130 and Highway 45.
The Seller is a local partnership looking to exit the seniors housing sector. The Buyer is a regional owner-operator based in Fort Worth, Texas.
SLIB was able to leverage their nationwide marketing platform and regional expertise to create a qualified, confidential market for this offering.
“The transaction was scheduled to close at the end of 2018, but the Operator (Senior Care Centers) filed for bankruptcy during due diligence. This extended the time period to close by over four months. Both the Buyer and Seller were patient throughout the court approval process to ultimately get to a sale,” said Matthew Alley, Managing Director, who arranged this value-add transaction. To date, he has sold 107 seniors housing / long-term care facilities in Texas.