ESI Arranges Sale of Shrewsbury Campus CCRC in Massachusetts

by Jeff Shaw

SHREWSBURY, Mass. — Evans Senior Investments (ESI) has arranged the sale of the Shrewsbury Campus, a continuing care retirement community (CCRC) in Shrewsbury, a suburb of Worcester. 

Shrewsbury Campus was built in phases between 1969 and 1986. The community comprises Southgate at Shrewsbury for private-pay senior living, Shrewsbury Nursing & Rehabilitation for skilled nursing and a group of medical office buildings named Shrewsbury Medical Center. Southgate at Shrewsbury and Shrewsbury Nursing & Rehabilitation offer a combined total of 171 independent living units, 60 assisted living units and 99 skilled nursing beds.

The seller was an independent owner-operator. At the time of sale, Shrewsbury Medical Center was fully occupied, Southgate at Shrewsbury was 98 percent occupied and Shrewsbury Nursing & Rehabilitation was 70 percent occupied.

The Atlas Healthcare Group acquired the campus for an undisclosed price.

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