Evans Senior Investments handled the sale of a skilled nursing facility in Lincoln, Nebraska. The transaction was executed on behalf of an independent owner/operator that was ready to transition out of the industry. Built in 1974, Holmes Lake Rehabilitation & Care Center features 97 beds across 51 units on seven acres. At the time of marketing, occupancy was at 61%, with fluctuations between 70% to 85% in years prior. The facility had also been dealing with the difficulties stemming from a one-star CMS rating.
ESI targeted a select group of prospective skilled nursing buyers, looking for one with the expertise and resources to turn the property’s performance around. The ultimate buyer was a regional owner/operator.
