ESI Arranges Sale of 100-Unit Property in South Carolina for $14.5M

EASLEY, S.C. — Evans Senior Investments (ESI) has arranged the sale of The Willows of Easley, a 100-unit independent and assisted living community in Easley, for $14.5 million.

Originally built in 1997 and expanded in 2004, The Willows of Easley is located on a 9-acre campus 14 miles west of Greenville. The average occupancy at the community was 86.1 percent at the time of sale. The price equates to $145,000 per unit.

ESI represented the seller, an independent owner-operator, in the transaction. The buyer was a Chicago Pacific Founders.

Aron Will of CBRE National Senior housing arranged acquisition financing on behalf of the buyer. The $10.2 million Freddie Mac loan features a seven-year term, floating rate and 42 months of interest-only payments.

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