Monticello’s Role in $507M Skilled Nursing Portfolio Sale; Newmark’s $149.6M Deal for Next Healthcare

As the calendar turned to 2021, the skilled nursing mergers-and-acquisitions market showed signs of heating up with multiple big-dollar portfolio deals announced.

First up, MONTICELLOAM on Monday trumpeted its involvement in a $507 million skilled nursing portfolio transaction in the Southeast.

The New York City-based health care lender and asset manager originated $368 million in first-lien debt, as well as $99 million in mezzanine debt financing, as part of the larger transaction.


The deal was closed on behalf of “an experienced owner and operator of skilled nursing facilities throughout the United States,” according to a statement from Monticello.

Newmark, Next’s $149.6M Deal

Back in December, the Newmark Group (Nasdaq: NMRK) announced the successful sale of a nine-building skilled nursing portfolio in Virginia to private equity investor Next Healthcare Capital for $149.6 million.

Newmark represented the seller, Annaly Capital Management; the portfolio consists of 1,014 beds across the state.


Newmark senior managing director Ross Sanders described the current operating tenant at the facilities as “the premier operator in the state of Virginia” in a statement announcing the deal.

“We all understand the current challenges in the market and Next Healthcare Capital executed flawlessly throughout the process,” Sanders said. “They are excited about the long-term strategic investment opportunity, as well as partnering with a best-in-class operator. At the end of the day, we are excited to watch this new partnership grow.”

Next Healthcare Capital in 2019 partnered with nursing home giant Genesis HealthCare (NYSE: GEN) to acquire 15 properties from Welltower Inc. (NYSE: WELL) in a $204 million deal.

Along with Sanders, the Newmark team on the Annaly deal included senior managing director Ross Fasano, vice chairmen Ryan Maconachy and Chad Lavender, and director John Giebel.

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