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Health Rehab Niche Grows in Rural Areas

A rehab property is very profitable despite the low census of 55% prior to the marketing period and the recent transaction allowed for the in-state operator to lessen its exposure to the Texas Panhandle.

Wheeler Rehab Facility Wheeler Nursing and Rehabilitation is a 75-bed skilled nursing facility constructed in 1982.

WHEELER, TX—During the past four years, Senior Living Investment Brokerage Inc. has completed more than 25% of the publicly announced senior housing transactions. The firm has been in the seniors housing and long-term care market since 1997.

And, the firm’s managing director Matthew Alley just sold his 100th senior housing property in Texas, along with Patrick Byrne. The seller is a publicly traded REIT that specializes in healthcare investments and the outgoing operator is a Texas-based group that focuses on skilled nursing facilities in Texas. The buyer is a regional owner-operator that also focuses on Texas.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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