Evans Senior Investments (ESI) successfully represented the sale of The Willows of Easley, a 100 unit independent and assisted the living community in Easley, South Carolina for approximately $14,500,000 ($145,000 price per unit).
Originally built in 1997 and expanded in 2004, The Willows of Easley is located on a nine-acre campus 14 miles west of Greenville, South Carolina in the foothills of the Blue Ridge Mountains. At the time of the sale, the community was 100% private pay, averaged 96.1% occupancy, and posted a 35.8% EBITDAR margin in the trailing twelve-month period.
ESI represented the seller, an independent owner/operator, in the transaction. Jason Stroiman, President and Founder of ESI, commented: “The Willows of Easley presented an exciting opportunity for a new ownership group to apply additional operational synergies as this community is folded into their portfolio to further improve profitability”.
The buyer was a Chicago, IL-based private equity firm.
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.
President & Founder
Evans Senior Investments
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE