California-Based REIT Buys in Fresno Market

Evans Senior Investments handled the sale of a 112-unit senior living community in the Fresno, California market, representing its independent owner in the transaction. Built in 2005 in the town of Madera, the community presented an opportunity to improve operations through synergies and expense management. It offers independent living, assisted living and memory care services, and was 87.6% occupied in the 12 months prior to the sale, with a 100% private pay census. A California-based REIT stepped in as the buyer, paying an undisclosed price.

The transaction comes amid a flurry of activity from Evans Senior Investments, which recently closed deals in Georgia, Indiana, Utah, Minnesota and Pennsylvania. Keep up the good work.

 

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