HFF Announces Sale of San Antonio SNF
HFF announced the sale of the 144-bed Mesa Vista Inn Healthcare Center, a post-acute skilled nursing facility in San Antonio, Texas. HFF marketed the property for Kayne Anderson Real Estate, the seller, and procured the buyer, an O&M Investments affiliate.
Harborview Capital Partners Arranges $47.5M Bridge Loan
Harborview Capital Partners, a commercial real estate finance, equity, and advisory firm based in Lawrence, N.Y., arranged a $47.5 million acquisition loan for three skilled nursing facilities totaling 436 beds in Florida. A large balance sheet lender provided the three-year, interest-only bridge loan.
Blueprint Announces Sale of Signature HealthCARE of Pinellas Park
Blueprint Healthcare Real Estate Advisors announced the sale of the 120-bed Signature HealthCARE of Pinellas Park on behalf of a publicly traded real estate investment trust (REIT). The purchase price for the SNF was $12 million, or $100,000 per licensed bed. Blueprint and the seller selected a partnership between a high-net-worth investor and an experienced Florida operator as the buyer, according to a statement from Blueprint.
Arbor Originates $41.65M Bridge Loan for Syracuse SNF
Arbor Realty Trust, which is based in Uniondale, N.Y., announced the funding of a $41.65 million bridge loan for the acquisition of the 440-bed James Square Health and Rehabilitation Center in Syracuse, N.Y. The property offers long-term nursing and rehabilitation services. It was acquired by VestraCare, based in New York, from a Chicago-based seller.
The bridge loan carries an initial term of 36 months and was underwritten with plans for a Department of Housing and Urban Development (HUD) takeout loan.
Nursing Home Operator Sells Queens Facility for $25M
SentosaCare, a nursing home operator based in Woodmere, N.Y., sold its four-story location in Little Neck, Queens to an assisted living company for $25.3 million, The Real Deal reported, citing property records. The building was sold to RM Holdings Little Neck, LLC, an affiliate of senior and special needs housing company Central Assisted Living.
Written by Maggie Flynn