BELTON, HEWITT and COPPERAS COVE, Texas — Evans Senior Investments (ESI) has arranged the sale of three central Texas assisted living and memory care communities for $45 million, or $204,000 per unit.
ESI represented the seller, Stoney Brook Communities, in the transaction. The buyer was not disclosed. The portfolio is exclusively private pay.
Stoney Brook of Belton was built in 2010 and features 51 assisted living units and 32 memory care units. Averaging 95 percent occupancy, the community recently underwent an expansion project.
Stoney Brook of Copperas Cove was built in 2011 and features 40 assisted living units and 20 memory care units. Sitting on five acres, the community totals 51,865 square feet.
Stoney Brook of Hewitt was built in 2011 and features 52 assisted living units and 26 memory care units. Sitting on five acres and averaging 97 percent occupancy, 12 assisted living apartments were added in 2015.