Real estate investment trust (REIT) dealmaking for the rest of this year and into 2023 will largely be driven by the desire to deepen existing or secure new partnerships with skilled nursing operators that have “weathered the storm exceptionally well.” That’s according to Michael Segal, executive managing director and partner at Blueprint Healthcare Real Estate […]
Many investors have not shied away from the skilled nursing industry in spite of the ongoing labor shortages, rising costs and looming federal regulations consuming operators — and they don’t appear to be doing so anytime soon. Private buyers have continued to buy up the overwhelming majority of available assets, closing roughly $1 billion in […]
New York City-based health care lender and asset manager MONTICELLOAM, LLC late last year announced it provided $89 million in debt financing for the refinancing of 10 skilled nursing facilities and one assisted living facility. The facilities consist of a total of 1,188 beds in California, Colorado and Iowa. SLIB Helps Sell Two Pennsylvania SNFs […]
Greystone announced that it provided a $35 million loan insured by the Department of Housing and Urban Development for the refinancing of a five-property, 558-bed nursing portfolio across southeast Wisconsin. The properties are located in Antigo, Burlington, Manitowoc, and Kenosha. Fred Levine originated the loans for New York City-based Greystone. Each of the non-recourse loans […]
Cushman & Wakefield earlier this month announced its involvement in a three-building, $118 million skilled nursing portfolio deal on behalf of Healthcare Trust, a non-public real estate investment trust (REIT) based in New York City. The real estate services firm kicked off the process with the successful sale of Lutz Healthcare and Rehab in Lutz, […]
Mercy Health Services in Maryland opened a $30 million rehabilitation and nursing care facility, operated by its long-term care arm Stella Maris, the Baltimore Business Journal reported on September 9. The facility is part of a campus in Baltimore County that houses other Stella Maris services, such as an independent living complex and assisted living […]
Berkadia this week announced the completion of about $50 million in financing for skilled nursing facilities in four separate deals across the country. First up, the real estate investment firm’s Seniors Housing & Healthcare Group provided a $22.2 million loan — backed by the Department of Housing and Urban Development (HUD) — for a 157-bed […]
Cushman & Wakefield facilitated the sale of a 10-property senior housing portfolio, consisting of assisted living and skilled nursing properties, for $76.6 million, REBusinessOnline reported. The portfolio includes 1,289 beds and was sold by ADME Investment Partners; Robert Kaplan and Mark Rutherford of Cushman & Wakefield represented ADME. The buyers were not disclosed. The skilled […]
The Ensign Group Acquires SNFs in Idaho and Utah The Ensign Group (NASDAQ: ENSG) acquired the real estate and operations of three skilled nursing and one intermediate care facilities across Idaho and Utah: Meadow View Nursing and Rehabilitation, a 112-bed skilled nursing facility in Nampa, Idaho; Utah Valley Healthcare and Rehabilitation, a 99-bed skilled nursing facility in Provo, Utah; Heritage Park Healthcare and Rehabilitation, […]
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