Dan Geraghty and Brad Clousing of Senior Living Investment Brokerage facilitated the sale of a seniors housing community in Greenville, South Carolina, on behalf of Bob Jones University. BJU is exiting the business to focus on its core values. With a solid long-term foundation of financial performance, the asset offers an opportunity to capitalize on existing cash flow with potential for profitability enhancement.
Built in 1927 with renovations completed between 1960 and 2014, Shepherd’s Care Assisted Living and Memory Care Community sits on 5.7 acres with 60 units across 65,762 square feet. The community was 88% occupied at the time of sale.
After reviewing several offers, the seller selected a local investor partnered with a Southeast operator with an existing presence in the Greenville market as the buyer, with the intention of renovating the community and preserving the legacy of BJU.
