$41M Nursing Home Sale in New York, $41M Portfolio Sale in MI

Non-Profit Sells Queens Nursing Home to For-Profit for $41M CenterLight Health System, a non-profit based in the Bronx, N.Y., will sell its Margaret Tietz Nursing and Rehabilitation Center in Queens to a group of limited liability companies for $41 million. The owners of those companies include Cassena Care principals Pasquale DeBenedictis and Alex Solovey and Workmen’s […]

Skilled Nursing Transactions: Monticello, HJ Sims, HFF, Blueprint

Monticello Provides $8M to NY SNF An affiliate of Monticello Asset Management provided $8 million in financing to Leroy Operating, which will buy a 140-bed skilled nursing facility in New York. The facility has a five-star rating from the Centers for Medicare and Medicaid Services (CMS), and includes a 40-bed non-secure memory unit and a 28-bed short-term […]