Evans Senior Investments represented an independent seller in the sale of Clifden Court, a 92-unit assisted living facility in Greendale, Wis. (Photo courtesy of Clifden Court)
Milwaukee, Wisconsin – November 1, 2017 – Evans Senior Investments (ESI) successfully represented an independent seller in the sale of Clifden Court, a 92 unit Community-Based Residential Facility (CBRF) in Milwaukee County, Wisconsin.
Built in 1998, Clifden Court added two additional buildings, one in 1999 and the other in 2010, to reach 92 units for assisted living and memory care services. Located 10 miles southwest of Milwaukee, the facility has seen favorable increase in occupancy since January 2016. Milwaukee County is fast approaching a 1 million population and saw a 7.1% growth in the 65 and over population between the 2010 to 2015 census, demonstrating strong demographic fundamentals for the region.
Clifden Court was purchased by SHA Capital Partners, a real estate investment advisory firm headquartered in Chicago and solely focused on the seniors housing asset class. Matthews Senior Living will assume facility operations. The value-add investment provided the opportunity for a savvy operator with local operational expertise and synergies in the state of Wisconsin to implement a competitive cost structure and significantly amplify the facility’s NOI over the short-term.
Jeremy Stroiman, CEO of Evans Senior Investments, commented “What a great value-add opportunity to acquire a CBRF asset with close proximity to Milwaukee, Madison, and Chicago. The addition of Clifden Court to the SHA Capital Partner portfolio will prove valuable to the staff, residents, and other SHA communities.”
About Evans Senior Investments
Evans Senior Investments (ESI) is a real estate brokerage firm with offices in Chicago, IL and Boulder, CO focused on providing solutions that empower business owners in the long-term care asset class. Our services include market valuations, benchmark analysis, and seller representation. With 10+ years in the industry, ESI has valued over $15 billion in assets and sold more than $2 billion of long term care facilities through our Buyer Preference Program that confidentially matches buyers to acquisition opportunities.
Contact:
Kristen Jones
Director of Sales & Operations
Evans Senior Investments
kjones@evansseniorinvestments.com
Phone: 312-896-0123
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