PRESS RELEASE
San Antonio, Texas – June 13, 2023 – Evans Senior Investments (ESI) seals the deal on the sale of Sodalis at Stone Oak, an assisted living and memory care community in San Antonio, Texas.
Sodalis at Stone Oak, a class-A property constructed in 2017, features 42 assisted living and 21 memory care units. The amenity-forward, modern seniors housing community was 95% occupied and 100% private pay at the time of marketing. In January 2022, the operator implemented a 4% rate increase for all current residents, and successfully implemented another lease renewal increase of 6% in January of 2023.
Evans Senior Investments ran a competitive marketing process attracting several compelling offers for their client. Given their success with generating strong investor returns while maintaining a high quality of care for residents, the current operator Sodalis Senior Living ultimately prevailed as the buyer.
“This sale not only highlights the property’s class-A construction and amenity-forward design but also reflects the affluent market for seniors housing today,” commented Hank Fuller, Senior Associate at Evans Senior Investments.
About Evans Senior Investments
Evans Senior Investments (ESI) is a real estate brokerage firm with offices in Chicago, IL and Denver, CO specializing in the long-term care asset class. ESI provides market valuations and sell-side advisory to Seniors Housing and Skilled Nursing owners across the country. Founded in 2009 by twin brothers Jason and Jeremy Stroiman, ESI aims to provide a more efficient, transparent, and faster selling process through a unique team-based approach to brokerage. ESI’s sellers are represented by the entire firm, with each member an expert in the varying aspects of the transaction process.
Contact:
Jeremy Stroiman
CEO
Jeremy.stroiman@evanssenior.com
Phone: 312-896-0123
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