Can I sell the real estate and keep operating my assisted living facility?
Direct answer
Yes. In a sale-leaseback, you sell the building to an investor and lease it back, usually on a triple-net basis, while your operating company keeps the license, staff and residents. It frees the capital tied up in the real estate without giving up the business.
What to know
You'll pay rent going forward, plus property taxes, insurance and maintenance under a triple-net lease, so model the rent against your NOI.
Holding the real estate and operations in separate entities makes the sale easier.
Gain on the real estate may be deferred through a 1031 exchange if you reinvest in other real estate.
The lease terms matter as much as the price, because they set your costs and flexibility for years.
This is general information, not tax, legal or investment advice. Talk to your CPA and attorney about your situation.
How Haven helps
Haven structures sale-leasebacks and compares them with a full sale. Read our senior housing business exit strategies.