Greystone Real Estate Advisors closed the sale of Nazareth Living Care Center. Chicago-based Mozart Healthcare, LLC purchased the property from Nazareth Hall, a Texas non-profit corporation, for $6,300,000. Mike Garbers andCody Tremper of Greystone represented the seller, orchestrating a successful outcome in a complex transaction.
Nazareth is a skilled nursing facility in El Paso, Texas comprising 124 licensed beds. Located on a 3.39-acre site, the community consists of two buildings: one operational building constructed in 2013 with 74 skilled nursing beds and one 50-unit, unused building with 50 inactive licensed beds. Paramount Healthcare is the current operator of the community.