100+ Bed Portfolio Eastern Missouri
Business Description
Haven Senior Investments is pleased to present the opportunity to acquire a 100+ bed Assisted Living Portfolio located in Eastern Missouri. Operationally, the communities run independently and smoothly, with administrators at each location in addition to an experienced staff and on-site managers. There is also the option of purchasing the two communities separately, one for $2,900,000 and the other for $2,050,000.
Cash on cash return over 23% with proposed financing.
Community maintains stable occupancy and longer than average resident stays due to the younger average age of residents, which is 52.
Missouri regulates the number of licensed long term care beds in the state through CON (Certificate Of Need) laws, which control the market supply and limit competition.
Missouri pays a monthly housing grant for each resident with Medicaid in addition to paying for personal care.
Locations qualify for USDA financing.
Cash on cash return over 23% with proposed financing.
Community maintains stable occupancy and longer than average resident stays due to the younger average age of residents, which is 52.
Missouri regulates the number of licensed long term care beds in the state through CON (Certificate Of Need) laws, which control the market supply and limit competition.
Missouri pays a monthly housing grant for each resident with Medicaid in addition to paying for personal care.
Locations qualify for USDA financing.
About the Business
Real Estate
- Owned or Leased
- Owned
- Included in asking price
Listing Info
- ID
- 2387843
- Listing Views
- 359
Listing ID: 2387843 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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