Evans Senior Investments (ESI) successfully represented the sale of four assisted living and memory care facilities known as the Legacy Place Portfolio for approximately $32,632,000 ($163,000 price per unit).
The portfolio consisted of four facilities encompassing 200 total seniors housing units (51 memory care units and 149 assisted living units). All four facilities were located in Southern Illinois.
With all four Legacy Place communities built within the last 8 years, the portfolio represented purpose-built senior housing with spacious unit sizes and an array of amenities. At the time of the sale, the community averaged 95% occupancy over the prior trailing twelve months and was 100% private pay. The portfolio was profitable, posting a 34.3% EBITDAR margin in the trailing twelve month period.
ESI represented the seller, an independent owner/operator, in the transaction. Jason Stroiman, Founder & President of ESI, commented: “The Legacy Place Portfolio presented an exciting opportunity for the new regional operator to fold these communities into their portfolio and continue their growth-oriented strategic plans”.
The buyer was a regional owner/operator with a focus in Missouri and Illinois.
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 analysis and seller representation. With 12+ 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.
Founder & President
Evans Senior Investments
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