The portfolio, which consisted of two skilled nursing communities totaling 172 beds, had been operating at a break-even level at the time of sale. Despite the limited cash flow, ESI’s strategic marketing process attracted interest from both regional and national buyers.

The seller was a local partnership comprised of a group of individual owners with long-standing ties to the communities. Seeking an exit from the skilled nursing sector, they engaged Evans Senior Investments to identify a qualified operator capable of assuming the HUD-insured mortgages and navigating a complex regulatory approval process in Wisconsin.

The buyer, an established institutional group with a growing footprint in the Midwest, saw the transaction as an opportunity to expand its operating platform in Wisconsin. The assumption of the HUD debt provided a unique entry point at favorable long-term financing terms.

“This transaction reflects ESI’s continued expertise in navigating complex HUD assumption deals and connecting local ownership groups with institutional capital,” said Brendan DeSilvia, Director of Mergers & Acquisitions at Evans Senior Investments. “Despite operational challenges, we were able to deliver a successful outcome for all parties involved.”