Originally built in 1958, with expansions over the years, the community is located 100 miles west of Nashville and has served the community for decades. At the time of marketing, the Weakley County Nursing Center was struggling with a 47% occupancy rate and negative cash flows.
Following the Weakley County Commission’s approval of the sale, ESI launched a targeted marketing campaign focused on highlighting the facility’s strengths and untapped potential. This approach attracted multiple interested buyers, resulting in a seamless transaction process. The chosen buyer, a regional owner-operator with holdings in neighboring states, leveraged resources from their existing operations to successfully complete the deal and expand into Tennessee.
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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