CARROLLTON, Texas — Evans Senior Investments (ESI) has arranged the $9.2 million sale of Sonoma House Assisted Living, a 96-unit community in Carrollton, located about 20 miles northwest of Dallas. The buyer was Jaybird Senior Living, an owner-operator based in Cedar Rapids, Iowa. This acquisition marks the company’s first venture into the Texas market.
Sonoma House had been a family-owned and operated nonprofit community since its establishment in 2014. Known for its residential-style environment, the community consists of 33 assisted living units and 63 memory care units spread across seven cottages.
When ESI began marketing Sonoma House, the community was 82 percent occupied and was generating positive net operating income, which presented an attractive growth opportunity to prospective buyers, according to the brokerage firm. The marketing process resulted in six competitive bids.
“We are thrilled to integrate Sonoma House into our owned portfolio of communities, as it aligns perfectly with our strategic vision of growth,” said Justin Wray, chief operating officer of Jaybird Senior Living, in a press release. “This acquisition strengthens our commitment to expanding our reach while maintaining the personalized approach and innovative signature programs that sets us apart in the senior living industry.”
Jaybird’s portfolio now totals 37 communities, including 20 in Iowa, eight in Wisconsin, five in Minnesota, three in Illinois and the newly acquired Sonoma House in Texas, according to the company’s website.