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LINCOLN, Neb. — Evans Senior Investments (ESI) has arranged the sale of Holmes Lake Rehabilitation & Care Center, a skilled nursing facility in Lincoln.
The transaction was executed on behalf of an independent owner-operator that was ready to transition out of the industry. A regional owner-operator acquired the asset for an undisclosed price.
Holmes Lake Rehabilitation & Care Center was built in 1974. Located on a seven-acre property, the facility features 97 skilled nursing beds spread across 51 rooms.
When ESI began the marketing of Holmes Lake, the occupancy rate was at a low 61 percent, with fluctuations between 70 and 85 percent in years prior. The facility had also been dealing with the difficulties of a one-star CMS rating.