American Healthcare REIT Completes $4.2B M&A, Eyes IPO Next

American Healthcare REIT late last week announced its completed merger with Griffin-American Healthcare REIT III, creating a combined $4.2 billion in healthcare real estate assets. Danny Prosky, CEO and president of the newly combined company, said in a statement the real estate investment trust (REIT) is “strategically positioned” to go public. During an investor presentation […]

Trilogy Owner Griffin-American Creating $4.2B Portfolio with Merger, Plans IPO

Griffin-American Healthcare REIT III (GAHR III) and Griffin-American Healthcare REIT IV (GAHR IV) on Thursday announced a merger agreement — as well as the acquisition of American Healthcare Investors — to become American Healthcare REIT, Inc. In a $1.125 billion joint venture transaction that closed in 2015, GAHR III acquired a majority stake in Louisville, […]

Reliant CEO Talks Strategy, Behavioral Health Potential After $88M Sale

Reliant Care Management Group, based in Maryland Heights, Mo., had a busy summer. The company, which has 20 skilled nursing facilities and five assisted living facilities in Missouri and Illinois, recently executed a deal to sell the real estate of eight SNFs to Griffin-American Healthcare REIT IV, Inc. for $88.2 million. Reliant is staying on as […]

Reliant’s $88M Portfolio Play; $28M HUD Loan for Illinois Facility

Reliant Named as Seller, Operator in $88M Griffin Deal Affiliates of Reliant Care Management Group sold a portfolio of eight skilled nursing facilities in Missouri to Griffin-American Healthcare REIT IV, Inc., and will stay on as operators going forward. Griffin-American first announced the $88.2 million deal in June, with the deal closing during the first week […]

AHI’s Prosky on Skilled Nursing Optimism, M&A Strategies

Danny Prosky, one of the co-founders of American Healthcare Investors, Inc., has spent more than 20 years in the field of health care real estate investment — and he remains upbeat about the future of skilled nursing. Skilled Nursing News spoke to Prosky about the state of skilled nursing industry in his capacity as managing […]

Griffin-American Enters Agreement to Buy $78.5 Million Skilled Nursing Portfolio

Griffin-American Healthcare REIT IV Inc. agreed to purchase a 24-facility portfolio consisting of 23 skilled nursing facilities and one assisted living facility for $78.5 million, plus closing costs. The DI Wire first reported on the deal, which Griffin-American entered on July 24. Griffin-American is a publicly registered, non-traded real estate investment trust (REIT) sponsored by American […]

Eight-Building Skilled Nursing Portfolio in Missouri Sells for $88.2M

Griffin-American Healthcare REIT IV, Inc. announced an agreement to buy a portfolio of eight skilled nursing facilities in Missouri for $88.2 million. The portfolio includes facilities in Kansas City, Salisbury, Florissant, Sedalia, Milan, Trenton, Moberly, and St. Elizabeth, Mo., with a total of 1,112 licensed beds. The SNFs offer skilled nursing, residential care and other ancillary […]

CareTrust Acquires $41.5M Portfolio, Lancaster Pollard Closes $11.9M Refinance

ESI Arranges $7.2M Sale of Pennsylvania SNF Evans Senior Investments (ESI), a real estate brokerage firm with locations in Chicago and Boulder, Colo., represented the sale of the 66-bed Bloomsburg Rehab & Wellness Center, a skilled nursing facility in Pennsylvania for $7.2 million, or $117,000 per bed. The buyer and the seller were publicly traded real estate investment […]