Evans Senior Investments Facilitates Sale of Two New Jersey SNFs for $31.5M
Evans Senior Investments represented the seller in the sale of two New Jersey skilled nursing facilities for $31.5 million, or *$190,000 per bed. The deal represents the highest price per bed ever recorded in New Jersey for a SNF portfolio, according to the Chicago-based brokerage.
The buyer was a private equity group based out of New York.
The two Van Dyk Health Care facilities have a combined *166 beds. Both will be managed by a New Jersey-based operator.
“The Van Dyk Health Care portfolio presented an exciting opportunity for the new regional operator to add valuable synergies and increase profitability at both facilities while maintaining the strong reputation of the community.” ESI president and founder Jason Stroiman said in a statement announcing the deal.
Capital One Closes $17.1M HUD Loan for Detroit-Area SNF
Capital One provided a $17.1 million Department of Housing and Urban Development (HUD) 232/223(f) loan to refinance a 104-unit SNF in Romeo, Mich. The transaction allowed the borrower to refinance both existing bank debt and partnership debt.
Capital One senior vice president Joshua Rosen originated the loan.
New Skilled Nursing Facility Opens in Nebraska
The 54-bed St. Joseph Hillside Villa in West Point, Ne., held a grand opening on Oct. 4, the Norfolk Daily News reported.
The $14 million building includes private and semi-private rooms, and rehabilitation and wellness services will be extended from the nearby St. Francis Hospital; both facilities are operated by the Franciscan Sisters of Christian Charity.
According to the Norfolk Daily News, a waiting list of potential residents is being compiled as management recruits new employees.
*The price per bed and bed count have been updated after corrections to the original numbers by Evans Senior Investments.
Written by Maggie Flynn