Southern Texas – Evans Senior Investments (ESI) is proud to announce the successful sale of the remaining assets within the Cornerstone Portfolio, two assisted living and memory care communities serving residents across Southern Texas.
The portfolio consists of Trinity Oaks of Pearland, an 80-unit independent and assisted living community, and Trinity Shores of Port Lavaca, a 62-unit assisted living and memory care facility. ESI represented an institutional owner looking to recycle capital. Despite the complexities of a multi-asset transaction, ESI’s focused marketing approach attracted a qualified buyer who recognized the immense upside potential in the growing Texas market.
Denton Floyd Real Estate Group, the buyer, has partnered with Triple Crown Senior Living to manage daily community operations. Despite the portfolio’s attractive HUD financing, Denton Floyd retired the remaining HUD balance and placed new debt on the assets, expediting the closing timeline.
For more information about this transaction or to learn about ESI’s ongoing activity in seniors housing and skilled nursing, contact Brendan DeSilvia at bdesilvia@evanssenior.com or at (847) 809-5677.
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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