NEW ROCHELLE, N.Y. — Evans Senior Investments (ESI) has arranged the sale of a skilled nursing community in New Rochelle, a suburb of New York City on Long Island Sound.
The facility was originally constructed in 1965 and is licensed for 60 beds.
The seller was an independent owner-operator that operated the facility for 30 years, but sought to exit the long-term care industry. A New York-based owner acquired the property for an undisclosed price. Approval of the new operator is pending.
“Evans Senior Investments was successfully able to navigate the rigorous regulatory environment in New York to close the transaction prior to the transfer of operations,” says Hank Fuller, Senior Associate at ESI. “The licensure approval process in New York historically takes over 18 months to complete.”