February 28, 2023
Sale of an Assisted Living & Memory Care Facility in Wisconsin
ESI arranged the sale of a 120-unit CBRF and RCAC-licensed assisted living and memory care community on behalf of National Health Investors.
At the time when the operator was brought in during 2019 by NHI, the community was experiencing a high usage of Medicaid waivers and the community was struggling overall. Over the past three years, the operator was able to transition the community to a majority of private pay residents while continuing to increase census. At the time of the sale, the community was 69% occupied and 82% private pay.
ESI leveraged their rolodex of buyers and ended up transacting with Eden Senior Care who was able to execute in a timely manner. This marks the second transaction ESI has closed with Eden Senior Care in the last year.
“Their ability to get creative and the strong relationships they hold with financing partners ultimately led to Eden being awarded the deal and a smooth transition for all parties,“ commented, Brendan DeSilvia, associate at Evans Senior Investments.