Aurora, Colorado – Evans Senior Investments (ESI) has successfully arranged the sale of Summit Rehabilitation & Care Community, a 110-bed skilled nursing community in Aurora, Colorado. The transaction was completed on behalf of an independent owner-operator.
Built in 1972 with a 2018 renovation, Summit Rehabilitation & Care Community offers a modernized approach to long-term care. Upon marketing, the facility maintained a 95% occupancy rate, generating over $11,900,000 in annual revenue, leading to substantial profitability.
Evans Senior Investments effectively highlighted the community’s strong financial performance and growth potential, making it an attractive opportunity for prospective buyers. The recent Medicaid rate increases in the state, with approved future increases in 2024 and 2025, and strong operational performance metrics made it an even more enticing investment opportunity.
The ESI team conducted a marketing process directed at a select pool of prospective buyers, ensuring a competitive bidding environment while maintaining confidentiality. Ultimately, a real estate holding company based on the East Coast was chosen as the buyer, recognizing the strategic fit of the transaction. As a part of the process, ESI connected the buyer with the tenant, facilitating a new partnership.
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.
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