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September 3, 2019

Sale of Two Senior Living/Skilled Nursing Facilities in Michigan

ESI sold two senior living/skilled nursing facilities in Michigan.


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.”

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