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Sep 19, 2018Luxury Assisted Living Communities consisting of a total of 270 beds that are located in the most desirable, upper-middle-class neighborhoods in the principal cities of Wisconsin.

The company is the preferred assisted living provider specializing in memory care, encouraging independence and offering value to their residents in a fulfilling, nurturing, safe, and supported environment. The properties were designed and built with the memory care resident in mind, incorporating the best and most appropriate amenities, furniture, fixtures, and equipment, as well as an emphasis on round-the-clock caregivers and staff.

The properties are very successful with a projected 2018 unadjusted EBITDAR of approximately $4.3 Million and an adjusted EBITDAR of nearly $5 Million after accounting for personal and non-recurring expenses. There are approved plans for expansion of the existing properties to add another 180 beds, with permits, zoning, infrastructure, and utilities already in place. This would increase the bed count from 270 to a total of 450 beds. The sellers assert that the 180 beds can be built for under $8 Million and are willing to manage the properties for the new owners going forward.

The Asking Price for the five dementia care assisted living facilities with a total 270 beds, plus the plans for the 180-bed addition is $56 Million.

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