Mergers & acquisitions activity is expected to remain “exorbitant,” and “voluminous” in the second half of the year for the nursing home industry despite higher interest rates, with transfer times slowed slightly by state regulations. This is the view held by industry brokers who spoke to Skilled Nursing News on the state of current deal […]
Plains Commercial Real Estate
The Ensign Group announced a series of SNF acquisitions and long-term leases earlier this month, including one facility in Arizona, two in South Carolina and six in Texas. Ensign acquired the operations of Oak Harbor Healthcare, a 132-bed skilled nursing facility located in Mount Pleasant, S.C. and Oak View Health and Rehabilitation, a 190-bed SNF […]
Senior Living Investment Brokerage announced the sale of Cla-Cliff Nursing and Rehabilitation Center, a 116-bed facility in Brinkley, Ark. The facility was owned and operated within the same family for nearly 60 years, but ultimately the seller was looking to retire and exit the sector. The buyer is a regional owner looking to expand its […]
Specialty investment bank Ziegler announced it closed $91,910,000 Series 2021A, Series 2021B and 2021C bonds for a Washington not-for-profit corporation that owns and operates a continuing care retirement community in Tacoma, Wash. The bonds will be used to fund an expansion project that will include the construction of 91 new independent living units, a new […]
The Ensign Group Inc. (Nasdaq: ENSG) acquired Sedona Trace Health and Wellness, a 119-bed skilled nursing facility in Austin, Texas, and Cedar Pointe Health and Wellness Center, a 122-bed SNF in Cedar Park, Texas, earlier this month. Real estate for both facilities was purchased by CareTrust REIT, Inc. (Nasdaq: CTRE) in the deal as an […]
The Chicago-based Cambridge Realty Capital announced a host of skilled nursing deal closings completed during the fourth quarter of 2020, bringing the lender’s total to $415 million for the year. The largest of those transactions involved $16.9 million for Manor Court* of Peru, Ill., a campus with 94 skilled beds, 68 assisted living units, and […]
The Hope Creek Care Center in East Moline, Ill., was listed for sale at $19 million — but county officials confirmed an offer of just $6 million from Aperion Care, the Quad-City Times reported last week. Broker Marcus & Millichap had listed the property, which has an outstanding mortgage debt of $11 million and short-term […]