Omega affiliate makes $11.5 million deal
OHI Asset Management, an affiliate of Omega Healthcare Investors Inc. (NYSE: OHI), has purchased the Alston Brook long-term care and rehabilitation facility from Golden Age of Lexington Inc. for $11.15 million.
The facility is located in Lexington, North Carolina, where Omega owns two other facilities. Omega owns 39 facilities total in North Carolina.
Headquartered in Maryland, Omega Healthcare Investors is a real estate investment trust (REIT) that offers financing to the long-term health care industry.
Euson Lindsay Health acquires Carmel nursing home
Euson Lindsay Health LLC has acquired The Green House Cottages of Carmel, located in Carmel, Indiana. Lindsay Health operates The Resotoracy of Whitestown, a skilled nursing community in Indianapolis.
The Green House Cottages of Carmel, which was founded in 2016 and consists of 72 beds, will be rebranded as The Restoracy of Carmel. The facilities are focused on short-term rehabilitation, memory care and long-term care in a home-like setting.
According to the company, the acquisition makes Indiana-based Euson Lindsay Health the largest owner and operator of the skilled nursing small home concept in Indiana.
“We love this facility, its employees and most importantly its residents. The houses are beautiful and well built, the location is perfect, and Carmel is a wonderful city,” Matt Euson, CEO of Euson Lindsay Health, said in a statement. “We can’t wait to provide excellent care to our residents while expanding our vision of the small home concept to replace institutionalized care for our elderly.”
Blueprint highlights $8.7M deal in Texas
Blueprint Healthcare Real Estate Advisors has facilitated a $8.7 million deal on a 70-unit health care property in Texas. The property was originally developed by the Indiana-based skilled nursing developer Mainstreet but was never fully completed prior to being foreclosed upon.
According to Blueprint, the property was developed to be a turn-key, purpose-built transitional care facility. This is Blueprint’s third facilitation of a sale of an REO vacant health care asset this quarter.
“Blueprint positioned the deal as a unique opportunity to acquire a state-of-the-art healthcare property at an attractive basis, providing an incoming investor the flexibility to own and/or operate the facility as a transitional care facility or explore alternative healthcare uses,” the company stated.
The incoming investor is a Texas-based real estate investor who will be structuring a lease with an East Coast-based skilled nursing operator, with the intention of operating the property as a traditional long-term care facility.
Companies featured in this article:
Blueprint Healthcare Real Estate Advisors, Euson Lindsay Health, Omega Healthcare Investors
