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SAN ANTONIO — Evans Senior Investments (ESI) has brokered the sale of Sodalis at Stone Oak, an assisted living and memory care community in San Antonio.
The Class A property was constructed in 2017, featuring 42 assisted living and 21 memory care units.
The community was 95 percent occupied and 100 percent private pay at the time of marketing. In January 2022, the operator implemented a 4 percent rate increase for all current residents and successfully implemented another lease renewal increase of 6 percent in January 2023.
The buyer was the current operator, Sodalis Senior Living. The seller and price were not disclosed.