Institutional Property Advisors announced it closed on a deal for a skilled nursing portfolio in Iowa last month. The portfolio, Pearl Valley Rehab & Healthcare, includes ten assets in the state for a total of 568 beds, sold for $24.2 million, for $42,606/a bed. The seller, a private owner-operated out of the East Coast, decided […]
Institutional Property Advisors
Commercial real estate finance firm Walker & Dunlop (NYSE: WD) has added five broker leaders from Marcus & Millichap in a move to bolster its senior housing and care presence in the Chicago area. Managing directors Mark Myers and Josh Jandris, along with senior vice president Jordyn Berger and VPs Alex Vice and Mike Surak, […]
Investment in skilled nursing facilities hasn’t slowed down despite persistent dark clouds surrounding the industry’s outlook. One of the overarching themes this past conference season — including at the summits held by the American Health Care Association (AHCA) and the National Investment Center for Seniors Housing & Care (NIC) — is that there’s an ongoing […]
Northwind Group, a real estate owner-operator based in Manhattan, acquired a portfolio of seven skilled nursing facilities with a total of 1,037 beds in Ohio and northern Kentucky. Along with one 110-unit assisted living property, the total acquisition price was $182.5 million. All of the facilities are operated by Carespring Health Care, a Loveland, Ohio-based […]
The summer months have brought millions of dollars in skilled nursing refinancings and loans insured by the federal government. And though the overall activity level for loans from the Department of Housing and Urban Development (HUD) is roughly on par with the past few years, the ongoing regionalization in the space is a driver of much […]
As millions of Americans grapple with opioid abuse disorders, skilled nursing facilities are attractive locations for drug treatment facilities. With more than 2 million people in the U.S. having a substance abuse disorder, according to the Department of Health and Human Services (HHS), the demand for care is spiking. “There’s this huge need for additional […]
Conflicts between major real estate investment trusts (REITs) and their skilled nursing tenants have dominated industry headlines in recent weeks. Quality Care Properties (NYSE: QCP) continues to seek relief amid its primary tenant HCR ManorCare’s failure to pay rent, while shareholders of Sabra Healthcare REIT, Inc. (NASDAQ: SBRA) attempted to derail its acquisition of the SNF-heavy […]
KeyBank Invests $15.3M in Indiana Skilled Nursing Facilities KeyBank Real Estate Capital invested a total of $15.3 million in two skilled nursing facilities operated by Trilogy Health Services, LLC in Indiana, providing FHA-backed financing for the Trilogy-Prairie Lakes Health Campus in Noblesville and Trilogy-St. Mary Healthcare Center in Lafayette. KeyBank’s John Randolph and Laura Conway […]