SNF Assets Prove Resilient as NHI Continues Portfolio Optimization

Leading skilled nursing partners including the Ensign Group (Nasdaq: ENSG) and National HealthCare Corporation (NHC) continue to drive “business resilience” for National Health Investors Inc. (NYSE: NHI). That’s according to NHI CIO Kevin Pascoe, who touched on the topic during a second-quarter earnings call Tuesday. “Business resilience is primarily attributable to NHC and Ensign. … […]

Bank Leumi, Prestige Care Team for $23.5M Rehab Deal; Hill Valley’s $21.7M, Three-Building Growth Move

Bank Leumi USA this week announced the completion of a $23.5 million deal covering four skilled nursing facilities and one assisted living property operated by Prestige Care. The family operator used the cash to refinance an existing asset-based loan revolver and a real estate term loan, with the goal of boosting liquidity and funding future […]

Skilled Nursing Transactions: $41.1 Million Mortgage for Northwest Provider

Capital One Closes $41.1 Million Mortgage for Pacific Northwest SNF Provider Capital One provided a $41.1 million first mortgage and a $5 million senior credit facility for Prestige Care, a Vancouver, Wash.-based provider of skilled nursing, memory care, assisted living, and independent living communities, the lender announced. Prestige Care will use the loan to purchase […]