Blueprint Handles $42M SNF Deal; Helios Structures 7-Facility, $57.8M Portfolio Sale

Blueprint Healthcare Real Estate Advisors helped facilitate the $42 million sale of a 210-bed skilled nursing and long-term care facility in Pensacola, Fla. The deal amounted to $200,000 per bed and a 9.6% cap rate. Southern Oaks has rebounded to pre-pandemic occupancy of 91% with more than $4 million in annualized trailing EBITDAR — generating […]

Ziegler Closes $24,405,000 in Financing for Eliza Jennings; Blueprint Facilitates Sale of Minnesota SNFs

Specialty investment bank Ziegler closed on Series 2022A Bonds for Ohio-based not-for-profit senior care provider Eliza Jennings. Eliza Jennings owns and operates three senior living campuses with a combined total of 216 skilled nursing beds, 175 independent living apartments and villas and 89 assisted living units. The Renaissance, located on 88 acres in Olmsted Falls, […]

SLIB Facilitates Sale of Indiana Nursing Home; CFG Secures $17.2M Bridge-to-HUD Loan for 2 SNFs

Vincennes, Ind.-based skilled nursing facility GentleCare of Vincennes was sold to The Strategies, an Indiana based owner/operator with other communities in the state, Senior Living Investment Brokerage announced. The 60 licensed bed, with 52 currently functional, facility reportedly has one of the longest running five-star designations in the state, according to SLIB. The seller, a […]

Blueprint Sells Two SNFs for $51M; Oxford Finance Closes $66.9M Credit Facility

Blueprint completed a $51 million sale of two skilled nursing facilities in central and northeast Florida. The two facilities, totaling 300 beds, were sold to an operator looking to expand its presence in the state. The seller, a Florida-based owner operator, engaged Blueprint in November and required an off-market transaction that needed to be completed […]

Dwight Capital Secures Two $20M+ Skilled Nursing HUD Loans; Helios Logs $27M Sale

Dwight Capital closed a $25.68 million Department of Housing and Urban Development (HUD) 232/223(f) loan for Graceland Rehabilitation and Nursing Center, a 221-bed skilled nursing facility located in Memphis, Tenn., and a $23.83 million HUD 232/223(a)(7) loan for Eastchester Rehabilitation and Health Care Center, a 200-bed SNF located in the Bronx, N.Y. The closings were […]

Nearly 50% of Executives Report Skilled Nursing Census Drops Amid COVID-19

Almost half of leaders at nursing home operators saw occupancy declines over the first month of the coronavirus crisis, according to a new survey, far exceeding the census drops reported in other segments of the senior housing and care continuum. About 49% of executives reported reduced census at their skilled nursing facilities compared to a […]

Skilled Nursing Executive Outlook: ‘Question of Nursing Homes’ Viability Will Continue’ in 2020

Though the early days of 2020 have brought some optimism around the state of the post-acute and long-term care industry, executives in the space continue to emphasize that the coming 12 months could bring make-or-break decisions for operators and their partners. One day after American Health Care Association (AHCA) CEO Mark Parkinson told SNN that […]

Helios’s $16M Nursing Home Deal in MA; Trilogy Health Plotting $11.7M Care Center

Helios Healthcare Advisors negotiated the $16 million sale of a 169-bed nursing home in Middlesex County, Mass. The Chicago-based Helios facilitated the transaction for an owner/operator based in New Jersey. The deal represented the buyer’s first purchase in the Massachusetts market, and proved to be a competitive sale — with more than 10 offers from […]

Ciena Opens $16.5M Facility in Michigan; Former Kindred SNF to Become Substance-Use Facility

Ciena Healthcare’s newest skilled nursing facility in Westland, Mich., is ready to take patients after several years of construction. Hometown Life first reported on the facility’s opening. The new SNF, the Regency of Westland, will replace Ciena’s Camelot Hall Convalescent Center in Livonia, Mich., with patients at the latter expected to move into the Regency […]

Skilled Nursing Sell-Off in Texas Goes Beyond Payment: ‘The Problem is Not the Medicaid Rate’

Texas’s failure to pass a program to increase Medicaid payment to skilled nursing facilities was the latest step not taken in improving the reimbursement in the Lone Star State. The legislation, which would have set up a long-term care quality provider participation program (QPPP) to funnel additional compensation to SNFs for meeting certain quality metrics, […]

Senior Care Centers SNFs Leased to New Regional Operators; $20.7M in Financings for Summit REIT

Two 120-bed skilled nursing facilities in Houston and Lubbock, Texas — both formerly operated by Senior Care Centers — were leased to two regional operators based in the Lone Star State. The transaction, which was facilitated by the Chicago-based advisory firm Helios Healthcare Advisors, was structured at market lease rates and with pre-negotiated purchase options. […]