ESI Brokers Sale of Holy Family Villa, Bishop Lyne Resident in Chicago

by Jeff Shaw

CHICAGO — Evans Senior Investments (ESI) has arranged the sale of Holy Family Villa and Bishop Lyne Residence, a nonprofit, 129-bed skilled nursing community with an 18-unit independent living component in Chicago.

Built in 2002 with a 2012 rehabilitation unit addition, the community features 35 private resident rooms. Despite the contemporary design, the community was not profitable at the time of marketing, with census averaging 73 percent, resulting in a net operating loss. Prior to the COVID-19 pandemic, the community averaged 87 percent occupancy with 49 private-pay residents and 28 short-term rehabilitation residents contributing to revenue of $13.6 million.

A Chicago-based owner-operator acquired the property from a nonprofit operator looking to exit skilled nursing entirely. The price was not disclosed.

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