Skilled Nursing News July 29, 2024
Evans Senior Investments (ESI) brokered the sale of a three-property portfolio in Ohio. The transaction was executed on behalf of the Mariner Management Group, Inc., an independent owner and operator seeking to exit the industry.
The portfolio, which was built in stages between 1990 and 2013, consists of three communities with a total of 317 licensed skilled nursing beds and 209 senior housing units. Located in western Ohio, this portfolio offered a unique opportunity for potential investors looking to acquire a group of geographically concentrated communities.
At the onset of ESI’s marketing process, the average occupancy rate was stagnant at 65%, leading to financial challenges across the board. Despite these challenges, ESI effectively highlighted the properties’ growth potential. Ohio’s health...
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