News Release: Lease-to-Sale Win: ESI Closes Illinois Supportive Living

Wood River, Illinois – December 12, 2025 – Evans Senior Investments (ESI) is pleased to announce the successful sale of Foxes Grove Supportive Living.

Foxes Grove, a 105-bed supportive living facility located in Wood River, Illinois, was acquired by the existing tenant, a regional owner-operator. This transaction serves as the successful conclusion of a lease agreement with a purchase option that ESI originally structured for the 13-property portfolio.

How ESI Added Value:

ESI recognized that a traditional immediate sale was not the only path to value for the previous owner. By originally structuring a lease with a purchase option, ESI allowed the operator to navigate labor and inflationary pressures while the landlord secured passive income. This strategic foresight bridged the gap between a turnaround scenario and a successful exit, ultimately securing a high value per bed for the seller.

For more details on this transaction or to discuss strategies for your facility, contact Hank Fuller at hfuller@evanssenior.com or 501-554-2192.


About Evans Senior Investments

 

Evans Senior Investments is a leading investment firm specializing in the sale of senior housing and skilled nursing communities 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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