VOLUSIA COUNTY, Fla. — Evans Senior Investments (ESI) has brokered the sale of a 200-bed skilled nursing community in Volusia County, located just northeast of Orlando.
Built in 1960s, the community exhibited an older physical plant with all of the rooms at the community semi-private or three-bed wards. At the time of marketing, the community was 41 percent occupied, resulting in a net operating income loss. Prior to the COVID-19 pandemic, the community averaged 73 percent occupancy.
ESI represented the seller, a regional owner-operator that sought to exit this community given its distance from its existing portfolio. The buyer was an East Coast based owner-operator of skilled nursing communities. The price was not disclosed.
The post ESI Negotiates Sale of 200-Bed Skilled Nursing Facility Near Orlando appeared first on Seniors Housing Business.