Massachusetts – June 2026 – Evans Senior Investments (ESI), a national seniors housing and skilled nursing brokerage and advisory firm, is pleased to announce the successful closing of Project Beacon, a portfolio of five skilled nursing facilities across Massachusetts.
The portfolio consists of five well-established skilled nursing facilities totaling 355 functional beds, primarily concentrated within the strategic Boston-Providence corridor. Navigating a complex operational environment while in receivership, the properties presented a significant turnaround opportunity with strong, baseline occupancy averaging 89%.
The portfolio was acquired by a growing regional owner-operator looking to strategically expand their footprint in the Northeast.
ESI represented the institutional seller in the transaction and executed a highly strategic marketing process to overcome the complexities of the receivership. ESI successfully unlocked hidden value for the client by identifying over $2.6 million in immediate expense synergies from outsourced departments and showcasing $4.35 million in additional Medicaid and Medicare reimbursement. Through this comprehensive approach, ESI drove competitive interest and secured a buyer equipped with the scale and regional focus to maximize the portfolio’s potential.
For more details on this transaction or to learn about what ESI is actively working on in Massachusetts, contact Brendan DeSilvia atbdesilvia@evanssenior.com or (847) 809-5677.
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