Brian -- Your question is a bit vague. 5-6% of what? Senior Living is generally sold on a cost per unit basis if it is sold like an apartment community. If it is a senior assisted living home (usually 12 beds or less), then it is being sold as an operating business. The price in both cases depends on the financial performance of the senior living community. If you are wanting to sell, you should work with a commercial real estate broker who specializes in selling senior living communities of the size yours is. All offers must be in writing in order to be taken seriously. Please be sure to work with a real estate attorney to make sure you are protected by the contract.
Jan 21, 2012