Evans Senior Investments (ESI), a national seniors housing and skilled nursing brokerage and advisory firm, is pleased to announce the successful closing of Project Beacon, a portfolio of five skilled nursing facilities across Massachusetts.

The portfolio consists of five well-established skilled nursing facilities totaling 355 functional beds, primarily concentrated within the strategic Boston-Providence corridor. Navigating a complex operational environment while in receivership, the properties presented a significant turnaround opportunity with strong, baseline occupancy averaging 89%.

The portfolio was acquired by a growing regional owner-operator looking to strategically expand their footprint in the Northeast.

ESI represented the institutional seller in the transaction and executed a highly strategic marketing process to overcome the complexities of the receivership. ESI successfully unlocked hidden value for the client by identifying over $2.6 million in immediate expense synergies from outsourced departments and showcasing $4.35 million in additional Medicaid and Medicare reimbursement. Through this comprehensive approach, ESI drove competitive interest and secured a buyer equipped with the scale and regional focus to maximize the portfolio's potential.

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For more details on this transaction or to learn about what ESI is actively working on in Massachusetts, contact Brendan DeSilvia at bdesilvia@evanssenior.com or (847) 809-5677.