Founders Investment Banking, LLC is pleased to announce Mature Options, LLC has expanded its presence in Alabama via the acquisition of the North Mobile Retirement Center assisted living facility located in Satsuma, Alabama (a suburb of Mobile, Alabama). The forty bed facility will be operated by Mature Options LLC, a provider of assisted living services to senior citizens throughout the state of Alabama. The acquisition was financed via the utilization of a sale leaseback structure where by the facility was purchased by Foundation Sale Leaseback Fund I and leased back to Mature Options, LLC. The transaction also allowed for additional capital to complete upgrades to the facility enabling the company to provide additional services to patients.
As an assisted living service provider, Mature Options, LLC facilitates everyday living activities for facility residents and additionally offers adult daycare, home care, respite care and rehabilitation services. The company has positioned itself as a value-priced option to prospective patients with high-quality services similar to those of larger providers. Management continues to closely evaluate opportunities to expand its network into attractive demographic areas.
The Foundation Sale Leaseback Fund I is an investment vehicle dedicated to purchasing net leased commercial and industrial properties throughout the Southeast. It is currently seeking acquisitions of net leased single tenant properties of $1-$5 million in value. The fund is managed by Birmingham based Foundation Fund Management, LLC.