The transaction was executed on behalf of an independent owner-operator looking to recycle capital and exit the industry.

Countryside Care Center is strategically situated 40 miles west of Ann Arbor and 35 miles south of Lansing, Michigan. The facility was built in 1968 and licensed for 108 skilled nursing beds. Despite its long-standing presence, the center was facing challenges at the time of ESI’s marketing process, operating only 80 of its beds with an occupancy rate of 59%. Additionally, the facility held a 2-star rating from the Centers for Medicare & Medicaid Services (CMS).

Recognizing the potential for improvement, ESI strategically positioned the facility to potential buyers by highlighting its value-add opportunities. Key selling points included opportunities to boost occupancy, enhance asset management synergies, and capitalize on the facility's favorable location near a strong hospital system and multiple senior living communities.

The Evans Senior Investments team ran a confidential marketing process, ensuring a seamless transaction that met the objectives of all parties involved. Ultimately, a regional operator was selected as the buyer.