National Health Investors Announces Acquisitions

National Health Investors wasted no time in making news this 2020. The REIT first announced that it was the buyer in Evans Senior Investments’ latest deal in Minnesota. Built in 2011 next to a lake about 20 miles from Minneapolis and St. Paul, the 48-unit assisted living/memory care community was previously owned by Coventry Senior Living and […]

Tenant Purchases North Carolina Assisted Living Community

Evans Senior Investments had quite the end of the year, as yet another December 31st closing was revealed to us. It featured a 45-unit/70-bed assisted living community that was built in 1984 and significantly renovated in 2005 in Clemmons, North Carolina (Winston-Salem MSA). About a year ago, Evans actually worked with the seller to procure […]

Evans Senior Investments Sells Three Properties

The end-of-year rush of closings continued for Evans Senior Investments, which announced two more 2019 deals. The first involved a 94-bed skilled nursing facility in Lawrenceburg, Indiana (Cincinnati MSA) being sold by a local owner/operator. Built in 1983 and renovated in 2010, the facility was nearly 80% occupied and was operating at an 8% EBITDAR […]

Evans Senior Investments Structures Sale of Brand-New Tampa Community

A publicly traded REIT picked up a brand-new senior living community in Tampa, Florida, and we mean brand-new. Opened just this summer, the community was developed by Lindell Investments Inc. and Solutions Advisors, whose affiliate Solvere Living was also the operator. Featuring 64 assisted living and 38 memory care units, its total development cost was […]

Evans Senior Investments Launches Senior Living Marketing Venture

If the seniors housing industry is ever going to emerge from its current census slump, then rigorous and modern marketing efforts seem like a great way to start. However, many small regional operators and mom & pops have barely left the 20th century in their marketing strategies, and their websites show it. The truth is […]

Evans Senior Investments Sells New Nashville Property

Having just wrapped up its initial lease-up, a senior living community in Nashville, Tennessee just sold to a regional owner/operator based in North Carolina. Evans Senior Investments handled the transaction, which came with a $20.05 million, or $213,000 per unit, purchase price. Built in 2017, the community features 94 units of assisted living and memory […]

Chicago Pacific Founders Flourishes This Summer

Chicago Pacific Founders has been one of the most active buyers of senior living assets this summer, announcing four deals since the start of July. Its most recent acquisition involved an 83-unit assisted living/memory care community in Richardson, Texas. Opened in March 2017, the community quickly reached stabilization, with occupancy currently sitting at 94%. It […]