ESI Arranges $6M Sale-Leaseback for Fully Occupied Community in Michigan

by Jeff Shaw

ROSCOMMON, Mich. — Evans Senior Investments (ESI) has arranged a $6 million sale-leaseback deal for The Brook of Roscommon, a 42-unit assisted living and independent living community in rural Northern Michigan.

Built in 2002, the community was 100 percent occupied when The Brook Retirement Communities sold it. The company, which operates eight other Northern Michigan communities, will stay on as operator.

ESI is a seniors housing investment banking firm with offices in Chicago and Boulder, Colo.

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