The Senior Living portion of both communities were 100% private pay, while the properties’ Skilled Nursing census exhibited a high mix of Medicare Part A residents. Each community was profitable but offered a value-add opportunity for a new ownership group.

ESI represented the seller, a regional independent owner/operator, in the transaction. Jason Stroiman, President and founder of ESI, commented “This transaction presented an exciting opportunity for a new entrant to establish a portfolio in the state with one transaction and the potential for a regional operator to solidify their economies of scale  with an infusion of beds to their regional portfolio.”