The Ensign Group (Nasdaq: ENSG) on Wednesday announced that the company is assuming operations of 17 skilled nursing communities in California, as part of a previously announced deal with Sabra Health Care REIT (Nasdaq: SBRA). That deal involves 20 communities total, which previously were operated by North American Health Care. The properties located in Ensign’s […]
Aspen Skilled Healthcare
Economic conditions such as tight debt markets have slowed the portfolio restructuring efforts that CareTrust REIT (NYSE: CTRE) embarked on earlier this year. However, company leadership see the scales tipping in favor of acquisitions. Currently, acquisition pricing remains tricky, as sellers are still trying to achieve “peak pricing,” CareTrust Chief Investment Officer Mark Lamb said […]
With the market for nursing homes showing no sign of slowing, an investment firm is looking to expand in the skilled nursing sector with a new team headed by Jason Dopoulos. As managing principal of White Oak Healthcare Partners, a subset of White Oak Healthcare Finance, which is a subsidiary of White Oak Global Advisors […]
Institutional Property Advisors announced it closed on a deal for a skilled nursing portfolio in Iowa last month. The portfolio, Pearl Valley Rehab & Healthcare, includes ten assets in the state for a total of 568 beds, sold for $24.2 million, for $42,606/a bed. The seller, a private owner-operated out of the East Coast, decided […]
White Oak Healthcare Finances $25 Million for Aspen Skilled Healthcare White Oak Healthcare Finance LLC announced it funded a $25 million credit for Aspen Skilled Healthcare, Inc last week. White Oak will reportedly act as the sole lender and administrative agent of the asset-based senior credit facility and with the funds being used to finance […]
Walker & Dunlop this week announced the completion of $172 million in financing for a seven-building skilled nursing portfolio across the Northeast and the Midwest. Four of the properties were refinanced through the Department of Housing and Urban Development’s (HUD) 232/233 program, with the remaining three undergoing HUD 232 loan modification. The portfolio consisted of: […]
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