MAUMELLE, Ark. — Evans Senior Investments (ESI) has arranged the sale of Stonehaven Assisted Living, a 60-unit facility in Maumelle, an affluent community located about 17 miles northwest of Little Rock. ESI represented the seller, a national healthcare system, in the transaction. The sales price was undisclosed. The buyer was a private company that partnered with a Midwest-based operator, and the deal marked their second investment in Arkansas.
Stonehaven, which opened in 2007, has long served both private pay and Medicaid residents. However, over the past year, Stonehaven faced some major difficulties, according to ESI. At the time of marketing, the occupancy rate had dropped to 53 percent, leaving many units unoccupied. This reduction in residents caused financial challenges, making it difficult for the facility to cover fixed expenses. As a result, staffing and daily operations were affected.
Recognizing the need for a change, the seller chose to exit the market. ESI conducted a confidential and competitive marketing process aimed at identifying a buyer capable of revitalizing the community and benefiting from economies of scale. The deal was finalized within three months of signing the letter of intent.