Two-facility licensed rural Texas SNF portfolio with immediate operational upside, expansion land, and below-replacement-cost entry.

Merkel Nursing Center

66 Licensed Beds | Value-Add Opportunity | Expansion Land Included

Merkel, Taylor County, Texas

Merkel Nursing Center is a 66-bed licensed skilled nursing facility located in Merkel, Texas, within Taylor County and approximately 20 minutes west of Abilene. The property is licensed by the State of Texas and currently operating below market occupancy, creating a clear value-add acquisition opportunity for experienced operators.

The facility sits on multiple contiguous parcels and includes eight additional platted vacant lots adjacent to the main property, offering expansion potential for additional beds, assisted living, memory care, or ancillary medical services.

Property Highlights:

66 licensed skilled nursing beds

Licensed by the State of Texas

Existing lease structure in place

Multiple contiguous parcels

8 additional vacant platted lots included

Located near regional healthcare providers in Abilene MSA

Strong rural Medicare and Medicaid demand corridor

Investment Opportunity:

Current occupancy presents significant upside through operational stabilization. Increasing census and optimizing payor mix provides immediate pathway to enhanced cash flow and enterprise value expansion.

The additional land parcels create optionality for:

Facility expansion

Development of assisted living / memory care

Medical office or ancillary healthcare use

Separate land disposition

This asset is ideal for:

Regional Texas operators

Value-add healthcare investors

Private equity-backed SNF platforms

Turnaround specialists

Western Manor Nursing Home (Ranger)

Established Skilled Nursing Facility | Stabilized Occupancy | Rural Healthcare Anchor

Ranger, Eastland County, Texas

Western Manor Nursing Home is a skilled nursing facility located in Ranger, Texas, serving Eastland County and surrounding rural communities. The property functions as a critical healthcare provider in a supply-constrained rural market with limited competition.

The facility is currently operating at moderate occupancy levels and presents operational upside through census growth and margin optimization.

Property Highlights:

Skilled nursing facility serving Eastland County

Established community presence

Real estate available with existing operations

Positioned in rural healthcare demand market

Strong regional referral base

Investment Opportunity:

With strategic operational improvements and census stabilization, the asset supports improved EBITDAR performance and enhanced lease coverage metrics. The property provides immediate entry into a rural Texas SNF footprint with opportunity for portfolio scale.

Additional Vacant Lots – Merkel (8 Platted Parcels)

Included in the portfolio are eight individually platted lots adjacent to the Merkel facility. These parcels provide flexible development options and enhance the long-term value proposition of the portfolio.

Lot Features:

Contiguous to main facility

Platted parcels

Utility access nearby

Expansion or separate disposition potential

Potential Uses:

Assisted living / memory care expansion

Additional skilled nursing beds

Medical office development

Land banking

Residential or mixed-use (subject to zoning verification)

While modest in standalone value, these parcels materially strengthen the portfolio’s growth narrative.