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
Houston Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
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