Acting on behalf of a non-profit owner seeking to exit the sector, ESI secured a purchase price of $30,150,000, representing $134,000 per bed.

At the time of marketing, the facility presented a significant turnaround opportunity, operating at 47% occupancy with a 1-Star CMS rating. Despite these operational challenges, the property sits in a prime location adjacent to Sun City, offering a built-in referral network for the new operator.

Prior to engaging Evans Senior Investments, the seller was prepared to accept an unsolicited offer that was significantly less than the final purchase price. By exposing the asset to the full market and strategically highlighting the operational upside, ESI generated a competitive bidding environment. This process ultimately doubled the proceeds for the non-profit seller, proving that broad market exposure is critical to maximizing value, even for distressed assets.

CEO John Thorhauer commented on the transaction: “Evans Senior Investments helped Glencroft to determine the value of the skilled nursing facility. We are very pleased with their work as they were able to get us a price substantially higher than expected. I highly recommend Evans Senior Investments.”