Winterhaven, located in Houston, was built in 1970 and consists of 160 beds, of which 143 are dually certified. Heritage Place, located in Mesquite (suburban Dallas), was built in 1977, and is comprised of 149 beds, including 138 dually-certified beds. At the time of sale, the facilities were collectively approximately 75% occupied with a quality payor mix of 15%. While the facilities generated greater than $12.5 Million in total revenue on a consolidated annualized basis, the trailing cash flow at the time of sale was roughly $500,000, which represented an operating margin of only 4.0%.