Evans Senior Investments (ESI) successfully represented the sale of Gastonia Care and Rehab, a 118-bed skilled nursing facility in North Carolina for $7.0 million, or $59,000 per bed.
Located within a tertiary market outside of Charlotte, Gastonia Care and Rehab was operated by a national operator. At the time of the sale, the facility averaged 70% occupancy, offering new ownership the opportunity to reposition the facility in the local market and lease-up the community’s occupancy to more stabilized levels.
ESI represented the seller, a publicly-traded REIT, in the strategic divestment of this non-core asset. The buyer, a growing regional owner-operator, was presented the opportunity to continue to build their presence in North Carolina while further capitalizing on the facility’s value-add profitability.
Jeremy Stroiman, CEO of ESI, commented, “This transaction represented a winning combination for both parties, as it brought together an institutional seller with a strategic regional buyer experienced in the state.”
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.
Evans Senior Investments
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