CLARK, N.J. — Evans Senior Investments (ESI) has arranged the sale of a skilled nursing community in Clark, just west of Staten Island.
Built in the 1990s, the community exhibited a modern physical plant with all of the rooms at the community private or semi-private occupancy and offering ventilator patient care for up to 10 residents.
At the time of marketing, the community was 56 percent occupied, resulting in a significant net operating income loss. Prior to the COVID-19 Pandemic, the community averaged 85 percent occupancy with a large mix of private pay and post-acute rehabilitation residents.
ESI represented the seller, a regional owner-operator that sought to exit this community given its distance from the existing portfolio. The buyer was an East Coast-based owner-operator of skilled nursing communities. Further details, such as the price and number of units, were not disclosed.