HHC’s $81M Refinance for Legacy, Cascade; Multiple Bids on 100-Bed SNF in OK

Housing & Healthcare Finance earlier this month pulled off an $81 million refinancing for Cascade Capital Group and its operating affiliate, Legacy Healthcare. The North Bethesda, Md.-based HHC Finance arranged the deal for a six-building portfolio in the greater Chicagoland area, refinancing the buildings through the Department of Housing and Urban Development’s (HUD) 223(f) loan […]

Dwight Capital’s $13M Bridge Loan in Ohio; Marquis & Tryko Expand in Maryland

Tryko Partners on Friday announced the acquisition of Collingswood Rehabilitation & Healthcare Center in the Washington, D.C. suburb of Rockville, Md. The Brick, N.J.-based private equity firm installed its health care affiliate, Marquis Health Services, as the new operator, with plans for $4.5 million in capital improvements and new programming at the site. The 160-bed […]

$41M Nursing Home Sale in New York, $41M Portfolio Sale in MI

Non-Profit Sells Queens Nursing Home to For-Profit for $41M CenterLight Health System, a non-profit based in the Bronx, N.Y., will sell its Margaret Tietz Nursing and Rehabilitation Center in Queens to a group of limited liability companies for $41 million. The owners of those companies include Cassena Care principals Pasquale DeBenedictis and Alex Solovey and Workmen’s […]

60 Nursing Homes Change Operators in Multi-State Deal

More than 60 skilled nursing facilities across six states have new operators after a major real estate investment trust (REIT) decided to make a change. The portfolio stretches across six states in the Midwest and Pacific Northwest, with a total of 5,500 beds, according to Cascade Capital Group, which facilitated the deal. The identity of […]

Skilled Nursing Transactions: Strawberry Fields Picks Up Louisville SNF

Ohio Skilled Nursing Facility Sold for $7.5M An Ohio skilled nursing facility (SNF) is under new management after being sold for $7.5 million by Kettering Health Network, a hospital system based in Dayton, Ohio, the Dayton Daily News reported. The former Greene Oaks Retirement Center, now called Harmony Center for Rehabilitation & Healing, was purchased by […]