Greystone provided $40.5 million in bridge financing to Kalesta Healthcare Group for the acquisition of two nursing homes in California. Meanwhile, Dwight Capital and its real estate investment trust affiliate closed on $521 million in financing for Q1. Greystone Provides $40.5M in Bridge Financing for CA Portfolio Commercial real estate finance company Greystone provided $40.5 […]
The current nursing home market has its share of positives and negatives midway through 2025, with operators enjoying Medicare and Medicaid reimbursement increases as well as a decline in facility supply, creating higher competition among buyers. Buyers are being more aggressive in the acquisition process, he said, with fewer facilities available. Brokerage firms are seeing […]
CFG facilitated $53 million in financing for various long-term care assets, including three skilled nursing facilities (SNFs) in the South. Meanwhile, ESI brokered sale of 160-bed SNF in North Carolina at a record price. 3 SNFs sold in South Carolina and Georgia Capital Funding Group (CFG) financed more than $53 million across four transactions from […]
Strawberry Fields to Buy Facilities in Kansas for $24M Strawberry Fields REIT (NYSE American: STRW) is set to purchase six long-term care facilities in Kansas for $24 million using current working capital, consisting of five nursing homes and one assisted living property. All 354 licensed beds will be leased to Advena Living, led by Willie […]
The PACS Group closed on a 11-facility skilled nursing portfolio in Tennessee for an undisclosed amount, while CFG closed out five deals totaling $54 million in the last two months. PACS Group Closes on Tennessee Portfolio Sale The PACS Group (NYSE: PACS) on Dec. 1 closed on the operations of 11 skilled nursing facilities in […]
MonticelloAM provided $87 million in bridge and working capital financing for a skilled nursing portfolio based in Florida, while CFG provided financing to 16 skilled nursing facilities (SNFs) in California, North Carolina, Iowa, and Florida. CFG provides $76M in financing for 16 SNFs Capital Funding Group (CFG) announced the closing of four transactions totaling more […]
First Citizens Bank’s Healthcare Finance business served as lead arranger of $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois. The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities, with investments in over 24 states, First Citizens said in […]
Evans Senior Investments (ESI) has arranged the sale of Holmes Lake Rehabilitation and Care Center, a nursing home in Lincoln, Nebraska for an undisclosed amount. The transaction was executed on behalf of an independent owner-operator who was ready to transition out of the industry after years of service in the community, ESI said in a […]
Capital Funding Group (CFG) financed more than $440 million in the first half of this year, including 18 health care bridge loans, five multifamily bridge loans and eight HUD loans. Notable transactions included a $42 million HUD financing package for three skilled nursing facilities in Washington and Idaho, along with a $36.2 million bridge-to-HUD loan […]
Brokerage firm Evans Senior Investments (ESI) facilitated the sale of county-owned Samaritan Health Center in West Bend, Wisconsin. An independent owner-operator was chosen as the buyer, upon county approval. Samaritan provides 186 beds, including 131 skilled nursing beds, 24 residential care apartments, and 31 assisted living beds. Samaritan faced several key challenges while on the […]
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 […]
Funds affiliated with Cressey & Company, a private investment firm specializing in advancing healthcare services and information technology enterprises, have acquiredHealthDrive, a prominent provider of multi-specialty clinical services to residents of long-term care (LTC) facilities. The purchase was made from Bain Capital Double Impact. Cressey’s involvement through affiliated funds marks a strategic move to amplify […]
CareTrust REIT Inc. (NYSE: CTRE), along with a regional investor in healthcare real estate, acquired four skilled nursing facilities on the West Coast. The four-property acquisition includes 450 skilled nursing beds and 20 assisted living units. Links Healthcare Group, a new operator relationship for CareTrust, will operate the facilities pursuant to a 15-year master lease […]
Capital Funding Group closed $10.9 million in financing for a 99-bed skilled nursing facility in California on March 30, on behalf of a nationally recognized borrower. The funding supported the refinancing of an existing bridge loan, executed by CFG, into a HUD loan. “We’re excited to announce this deal as it is a testament to […]
Three skilled nursing properties in Pennsylvania comprising 395 beds and 32 senior housing units were purchased for $39M, or $91,000 per unit. The seller, represented by Evans Senior Investments (ESI), exited the long term care industry. “The ESI Team was successfully able to showcase how a new regional owner/operator could eliminate the agency staffing issues […]
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 […]
TSOLife completed a $9 million Series A funding round for its AI-based business intelligence platform that translates and transcribes resident interviews and converts the information into consumable data. Data dashboards can be utilized by skilled nursing staff to look for actionable trends and insights. “TSO is the tip of the spear in gathering social insights […]
CareTrust REIT Inc. (NYSE: CTRE) funded a $24.9 million B-piece secured financing on a four-facility portfolio in the Southeast. The portfolio includes about 700 skilled nursing beds, according to CareTrust. “This loan begins a new relationship with this new Southeast operator,” CEO Dave Sedgwick said in a statement. “The operator has done a tremendous job […]
Eduro Healthcare has grown its Texas portfolio again, adding seven more skilled nursing facilities in the Waco and Austin metropolitan areas. This latest acquisition brings Eduro up to 42 buildings across 10 states. “Our Texas acquisition pipeline is full and robust, and I expect more buildings to join the Eduro team soon,” Owner Michael Bewsey […]
Evans Senior Investments (ESI) last week announced it represented an owner-operator in the $51.5 million sale of a 558-bed nursing home portfolio. Located in Southwest Colorado, the seven properties were built between 1957 and 2017; each bed is valued at $92,000. The buyer is an East Coast owner and operator looking to grow their presence […]
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