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July 24, 2024

Sale of Beacon Ridge in Pennsylvania

ESI arranged the real estate sale of Beacon Ridge, a skilled nursing community in Pennsylvania, on behalf of a non-profit organization.

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Located 50 miles from Pittsburgh, Beacon Ridge opened its doors in the 1970s and has since completed two major renovation projects. The community is licensed for 118 skilled nursing beds and offers a unit mix, including private units, semi-private units, and three-bed wards. At the time of marketing, Beacon Ridge was 63% occupied and operating with a negative net operating income. Prior to the pandemic, the community maintained stabilized occupancy rates in the 80s for over 12 consecutive months.


After the owner defaulted on its existing bond debt, ESI was hired by the seller to market the communities in a competitive process and maximize the property’s value as part of the Section 363 bankruptcy process. ESI successfully navigated the complexities of bankruptcy proceedings with the assistance of Duane Morris LLP and a distressed western Pennsylvania market, highlighting Beacon Ridge's future potential—including upward census trends and favorable demographics—to new ownership groups.


Evans Senior Investments conducted a confidential marketing process, targeting a select group of skilled nursing buyers, and procured nine competitive offers. After careful consideration, a buyer was chosen who offered the most advantageous terms for all parties involved.



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