A skilled nursing sale in North Carolina set a new pricing record in the state, with Evans Senior Investments handling the deal. ESI was engaged by an independent owner/operator to divest Smithfield Manor, a 160-bed skilled nursing facility in Smithfield, North Carolina (about 25 miles southeast of Raleigh).
At the time of marketing, the 1975-vintage property was performing well, with occupancy above 80%. However, it offered a number of expense and revenue optimization opportunities for a strong regional operator to significantly improve performance. Through a competitive three-week marketing process, ESI attracted strong interest, ultimately securing a buyer aligned with the seller’s strategic goals. The price was around $175,000 per bed, which is a North Carolina record according to LevinPro LTC’s historical M&A data.
