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News Release: ESI Arranges Sale of North Carolina Skilled Nursing Facility for $7.0M

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.

Contact:

Jeremy Stroiman

CEO

Evans Senior Investments

jeremy.stroiman@evanssenior.com

Phone: 312-896-0123

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