DUNCAN, MISSISSIPPI — Evans Senior Investments (ESI) is pleased to announce the successful sale of Oak Grove Retirement Home, a 60-bed skilled nursing community in Duncan, Mississippi, a town with a population of only 273 residents.
ESI represented a regional owner-operator that was divesting its only Mississippi community to return capital and leadership attention to its core markets. ESI ran a confidential, targeted process built to maximize proceeds while keeping day-to-day operations steady for residents and staff. At the time of marketing, Oak Grove was only certified for Medicaid. Throughout the transaction, ESI worked with all parties to obtain a Medicare license, and by the time of closing, all 60 beds became dually certified.
How ESI Added Value to the Client
Single-asset rural communities frequently face limited buyer interest and steep valuation discounts. ESI eliminated this friction by tapping into its proprietary nationwide network to create aggressive bidding competition. ESI was able to overcome the rural location, where Oak Grove represented 22% of the town’s total population, by highlighting the facility’s historical performance and operational stability.
For more details on this transaction or to explore confidential valuations across Mississippi, contact Brendan DeSilvia at bdesilvia@evansenior.com or 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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