Evans Senior Investments arranged the sale of a seniors housing community in the Dallas-Fort Worth, Texas MSA. Built in 2013, Sonoma House Assisted Living comprises 33 assisted living units and 63 memory care units across seven cottages in Carrollton, Texas. At the start of marketing, the community was 82% occupied and generating positive net operating income. 

ESI identified multiple value-add opportunities, such as an opportunity to increase rental rates and reduce operational costs with a regional or national owner, as well as the potential to expand the community by adding 16 additional units through future development. The result was six competitive bids, with the ultimate buyer being a Midwest-based owner/operator making its first venture into the Texas market, Jaybird Senior Living. The purchase price was in excess of $9.25 million, or $96,400 per unit.