Evans Senior Investments arranged the sale of a skilled nursing facility in Jackson, Michigan. The seller was an independent owner/operator looking to recycle capital and exit the industry. The ultimate selected buyer was a regional operator.
Built in 1968, Countryside Care Center comprises 108 beds. The facility was facing challenges at the time of ESI’s marketing process, operating only 80 of its beds with an occupancy rate of 59%. Additionally, the facility held a two-star rating from CMS.
ESI marketed this value-add opportunity by highlighting the opportunities to boost occupancy, enhance asset management synergies and capitalize on the facility’s favorable location near a strong hospital system and multiple senior living communities. The final purchase price was not disclosed.
