ESI Brokers $18.2M Sale of Hidden Meadows Campus Near Philadelphia

SELLERSVILLE, Pa. — Evans Senior Investments (ESI) has negotiated the sale of Hidden Meadows on the Ridge and The Laurels, a 94-unit assisted living and memory care campus in Sellersville, approximately 30 miles north of Philadelphia.

An independent owner-operator sold the property, its only asset. An East Coast-based REIT bought the campus for $18,200,000 or $194,000 per unit.

Hidden Meadows on the Ridge features 54 assisted living units, while The Laurels Memory Care features 40 units. Built in 2007 and renovated in 2018, the community boasts many recent updates including all new flooring, full facility furniture replacement and new dining options.

The combined campus was 94 percent occupied at the time of listing, and was undergoing rate increases to offer increased upside to the buyer. ESI represented the seller.