Skilled Nursing Transactions: Greystone Secures $54.2M for NYC SNFs

Athena Health Care Buys Masonicare SNF in CT Athena Health Care Systems reached an agreement to purchase Masonicare’s Newtown, Connecticut skilled nursing facility and assisted living community, The Newtown Bee reported. The campus is licensed for 154 skilled nursing beds and 55 assisted living apartments, and the sale is expected to close by the end […]

Greystone Taps Golden Living Alum To Be Chief Nursing Officer

Greystone Healthcare Management has named Melissa Purvis its new chief nursing officer, in charge of overseeing operations of 35 skilled nursing facilities that the Tampa, Florida-based company manages. Formerly, Purvis served as national director of clinical practice for Golden Living from 2014 to 2016; the Plano, Texas-based company operates about 300 skilled nursing facilities across […]

Why One New York Investment Firm Sees Promise in Skilled Nursing

At a time when investors remain skittish about skilled nursing, one New York real estate investment firm helped a Brooklyn SNF secure a $78 million loan, the latest milestone in a 15-year partnership. Recently, New York-based real estate lending, investment, and advisory services firm Greystone provided a $78.4 million HUD-insured permanent refinance loan for New York-based Centers Health […]

Transactions: Greystone Arranges $78M in HUD Financing for SNF

Greystone Lands $78 Million HUD Loan for Brooklyn SNF Greystone, a New York City-based real estate lending, investment and advisory company, provided a $78 million Department of Housing and Urban Development refinance loan for Boro Park Center for Nursing & Rehabilitation in Brooklyn, N.Y. The transaction represents one of the largest-ever HUD loans for a […]

SNF Transactions: Ensign Expands in Mountain West, CareTrust Enters N.M.

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, […]