At a time when some smaller, independent skilled nursing operators are struggling to remain viable businesses, Florida-based OptimumBank plans to enter the skilled nursing lending space, which may give some smaller distressed operators a chance to stay in the game for a little longer. With occupancy still down for the skilled nursing sector and the […]
Infinity Healthcare
Strawberry Fields REIT this week announced the acquisition of six skilled nursing facilities (SNFs) in Kentucky and Tennessee. The purchase price was $81 million for the six facilities. Due to rising prices going into COVID-19, and lofty expectations and valuations in the skilled nursing space, the REIT became less active in the SNF market during […]
Strawberry Fields REIT this week announced the $3.15 million acquisition of The Waters of Muncie, a skilled nursing facility in Muncie, Ind. The all-cash deal for the 72-bed facility now brings the real estate investment trust (REIT) to 74 nursing homes, a spokesperson for Strawberry Fields told SNN. “The Waters of Muncie is a well-located […]
Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building skilled nursing portfolio across North Carolina and Kentucky. The New York City-based lending and advisory firm extended 24-month payment terms on the $71.9 million bridge financing, along with a pair of six-month […]
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