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GREENVILLE, S.C. — Evans Senior Investments (ESI) has arranged the sale of a 52-unit assisted living community in Greenville.
A large, East Coast-based private equity firm sold the asset to regional owner-operator Windriver Cos. for an undisclosed price.
Built in 2001, the community is 100 percent private pay. Having been all studios, the community was 40 percent occupied at the time of marketing and losing money.
“The buyer plans on utilizing their existing resources in the state to oversee the community, begin construction on a refurbishment and add memory care units,” says Brendan DeSilvia, associate at ESI.