CareTrust REIT (Nasdaq: CTRE) on Tuesday announced the successful completion of a $211 million deal that saw 12 properties change hands and two operators expand their portfolios in the South. The San Clemente, Calif.-based real estate investment trust (REIT) picked up seven skilled nursing facilities, along with an eighth SNF/assisted living campus, in Louisiana. Management […]
BM Eagle
Kindred Healthcare, Inc. (NYSE: KND) turned in a better-than-expected third quarter, beating analysts’ estimates for revenue and announcing ongoing partnerships with its soon-to-be-sold portfolio of skilled nursing assets. The Louisville, Ky.-based operator has sold 68 of the 89 SNFs involved in its exit from the space, in a deal initially announced back in June, with […]
KeyBank Finances Kindred Sell-Off Deal KeyBank Real Estate Capital underwrote a $128 million loan for BM Eagle Holdings, the joint venture currently in the process of purchasing Kindred Healthcare’s (NYSE: KND) entire skilled nursing portfolio. The cash helped BM Eagle — a joint venture operated by affiliates of BlueMountain Capital Management, a New York City-based […]
Kindred Healthcare, Inc.’s (NYSE: KND) exit from the skilled nursing industry continued Monday morning as the company announced the formal sale of 14 more SNFs. The Louisville, Ky.-based operator offloaded 12 of those properties, along with four assisted living facilities, as part of an ongoing transaction with buyer BM Eagle Holdings. The 16 properties had […]