Capital Funding Group (CFG) closed on a $132.24 million bridge loan to support refinancing of four skilled nursing facilities in Virginia, while MonticelloAM closed $87 million in financing for a Florida-based SNF portfolio. CFG Closes $132.24M in refinancing for 4 SNFs Capital Funding Group (CFG) announced the closing of a $132.24 million bridge loan, on […]
Blueprint
Strawberry Fields REIT entered into a purchase and sale agreement for eight health care facilities located in Missouri, while Dwight Capital closed a $61 million HUD refinance loan for a 250-bed SNF in New York. Strawberry Fields Agreement Strawberry Fields REIT (NYSE American: STRW) entered into a purchase and sale agreement for eight health care […]
Strawberry Fields REIT completed two separate acquisitions totaling $19.25 million of four Skilled Nursing Facilities (SNF) located in Tennessee and Texas. The acquisition of the Texas facilities for $15.25 million included a 75-bed SNF located in Hondo and 179-bed SNF located in Kerrville, the real estate investment trust (REIT) said in a press release Tuesday. […]
Evans Senior Investments (ESI) arranged the sale of a five-property portfolio in the Southwest, comprising skilled nursing beds and senior housing units. The transaction was carried out on behalf of an unnamed regional owner-operator for an undisclosed amount. Real estate brokerage firm ESI ran a confidential marketing process, engaging with a select group of buyers, […]
A skilled nursing facility located in Longview, Texas, was sold to an owner-operator of several skilled nursing facilities in Texas. Offering 108 beds, the community is approximately 24,653 square feet and sits on 3 acres of land. The community is enrolled in QIPP. The seller is a Texas-based partnership, which was selling its only skilled […]
National HealthCare Corporation (NYSE: NHC) plans to acquire the White Oak Senior Living portfolio, with facilities across North and South Carolina. White Oak consists of six skilled nursing facilities in North Carolina, three of which are continuing care retirement centers, and including one leased facility. In South Carolina, the portfolio consists of nine skilled nursing […]
About one year after being acquired by Dwyer Workforce Development (DWD) in a $590 million deal, Regency Integrated Health Services has rebranded as Wellsential Health and is moving forward under a “new nonprofit model,” the company announced Thursday. The 63 skilled nursing facilities under the Wellsential banner now represent the “largest family” of non-profit SNFs […]
Bloomfield Capital, direct lender and equity investor in commercial real estate assets, announced the closing of a $12.0 million senior bridge loan, which was used to refinance a maturing loan on a skilled nursing facility located in Southern California. The loan’s sponsor purchased and restructured multiple senior living assets throughout the Western U.S. and is […]
Grandbridge Real Estate Capital arranged the $81 million sale of The Arlington at Naples, a 298-unit continuing care retirement community, to LCS. The campus is comprised 47 independent living homes, 128 independent living apartments, 42 assisted living units, 37 memory care units, and 44 skilled nursing units. The campus was opened in 2015 and is […]
Evans Senior Investments (ESI) arranged the sale of a 138-bed skilled nursing facility in Anaheim, Calif. for $25 million or $181,159 per bed. The buyer, an East Coast real estate holding company, structured the lease with a local owner/operator in the state, according to the real estate brokerage firm. Operating long-term care assets in today’s […]
The Ensign Group announced a series of SNF acquisitions and long-term leases earlier this month, including one facility in Arizona, two in South Carolina and six in Texas. Ensign acquired the operations of Oak Harbor Healthcare, a 132-bed skilled nursing facility located in Mount Pleasant, S.C. and Oak View Health and Rehabilitation, a 190-bed SNF […]
Blueprint Healthcare Real Estate Advisors helped facilitate the $42 million sale of a 210-bed skilled nursing and long-term care facility in Pensacola, Fla. The deal amounted to $200,000 per bed and a 9.6% cap rate. Southern Oaks has rebounded to pre-pandemic occupancy of 91% with more than $4 million in annualized trailing EBITDAR — generating […]
Blueprint Healthcare Real Estate Advisors helped facilitate the sale of a 92-bed skilled nursing facility located in Colville, Wash. Pinewood Terrace was a “unique opportunity” for a regional owner/operator to purchase the facility for an “appealing price per bed with assumable attractive HUD financing,” according to a news release. Skilled nursing operator Cascadia Healthcare ultimately […]
Utah-based skilled nursing company Eduro Healthcare recently acquired seven facilities in the San Antonio, Texas area, bringing the total count in the state to 15. Eduro first entered the Texas market in April 2021, and has seen success as operational and delivery of care changes are implemented, according to a news release. “Having worked in […]
With contributions from Alex Zorn and Jordyn Reiland Despite the challenges of the past two years, Blueprint Healthcare Real Estate Advisors managed to expand and diversify. Now the firm has reorganized its leadership ranks, admitted new partners and is eager to grow the practice as the senior housing and care industries move forward. That growth […]
Blueprint completed a $51 million sale of two skilled nursing facilities in central and northeast Florida. The two facilities, totaling 300 beds, were sold to an operator looking to expand its presence in the state. The seller, a Florida-based owner operator, engaged Blueprint in November and required an off-market transaction that needed to be completed […]
CIBC Bank USA closed a $73.4 million acquisition loan for a four-home senior care portfolio in Pennsylvania and a $21 million cash-out refinance for a three-home portfolio in Nebraska last month. The Pennsylvania portfolio, which includes approximately 675 skilled nursing beds and 100 senior living units, received a five-year mortgage loan and a $6 million […]
Chicago-based specialty investment bank Ziegler announced this month it closed on $85,535,000 Series 2021 Bonds for a not-for-profit corporation with over 30 faith-based human service programs throughout New England. Part of the deal included Fair Havens, which owns and operates Quaboag Rehabilitation and Skilled Care Center, which has a total of 147 skilled nursing beds; […]
National Healthcare Corp. looks to further diversify its service lines within the care continuum, this month acquiring outstanding stakes in hospice and palliative care system Caris Healthcare for $38.95 million. NHC deals primarily in skilled nursing facilities, with its affiliates operating 75 SNFs, followed by 35 home health agencies, 28 hospice agencies, 24 assisted living […]
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 […]
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