20 Unit 24 Bed Assisted Living Property For Sale

VR Business Brokers, Mergers & Acquisitions is pleased to present a 20-unit, 24-bed assisted living facility in Southern Minnesota, offered with real property included. Established 20 years ago, this community has built a sterling reputation and maintained stable occupancy, with revenue steadily growing. Key highlights include a payor mix of 80% private pay and 20% MA-EW, an average monthly rate per resident of $3,920, and an average resident tenure of 4–5 years. The owners are seeking an acquirer who will uphold the community’s strong reputation for quality care and capitalize on its earnings potential. They are also willing to remain during an agreed-upon transition period to ensure a seamless handover.

In terms of industry trends, the market is experiencing favorable demographics, with the baby boomer cohort driving growth in the population of individuals older than 85, which is expected to double from 6.5 million in 2018 to over 14.4 million by 2040. Additionally, occupancy rates in assisted living facilities began to rebound as the industry recovers from the impacts of COVID-19, moving away from previous declines since the peak around 2014/2015. However, construction has slowed, with new developments in the Assisted Living sector declining since the pandemic, resulting in the lowest construction to total inventory ratio since 2010, sitting at 1.37% in Q1 2024.