ESI Arranges Sale of Providence Anderson Skilled Nursing Community in Indiana for $17.45M

by Jeff Shaw

ANDERSON, Ind. — Evans Senior Investments (ESI) has arranged the sale of Providence Anderson, a 204-bed skilled nursing community, for $17.5 million, or $97,000 per functional bed.

Built in three phases in 1964, 1978 and 1998, the property is located in Anderson, approximately 35 miles northeast of Indianapolis.

The seller was an owner-operator of skilled nursing communities with locations primarily on the West Coast. Providence Anderson represented the seller’s only community in Indiana with the nearest community in the seller’s portfolio being 122 miles away. The buyer was a regional owner-operator.

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