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2501 Westerland Drive

Senior Living Investment Brokerage Facilitates Sale Of 112-Bed Senior Housing In Houston
SOLDSenior Housing

Senior Living Investment Brokerage Facilitates Sale Of 112-Bed Senior Housing In Houston

2501 Westerland Drive

Building Size

39,058 SF

Asset Type

Senior Housing

Closing

Jul 15, 2024

AI

The sale facilitated by Senior Living Investment Brokerage involved Treemont Health Care Center, a 112-bed senior housing property located at 2501 Westerland Drive in Houston. The 39,058-square-foot community sits on 1.3 acres, catering to the senior living market.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: Not disclosed
  • Beds: 112
  • Square Footage: 39,058
  • Address: 2501 Westerland Drive
  • Market: Houston

Brad Goodsell, Jake Anderson, Jason Punzel, Matthew Alley, and Vince Viverito from Senior Living Investment Brokerage played a crucial role in the transaction. The local owner-operator successfully acquired the senior housing property from a regional owner-operator, signifying a strategic move within the senior living market.

Players

Matthew Alley

Senior Living Investment Brokerage

Broker

$18M

vol

8 deals

Broker

Houston Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93