BELTON, Mo. — Tutera Senior Living & Health Care will break ground next week on the $9.5 million Carnegie Village Rehabilitation and Health Care in Belton, located in the Kansas City metro area.
Skilled Nursing
Grace Healthcare Sells Three Skilled Nursing Facilities for $14.7M, Exits California and Arizona
by Jeff Shaw
MORAGA, Calif., PLEASANT HILL, Calif., and PHOENIX — Grace Healthcare has sold Grace Healthcare of Moraga, Grace Healthcare of Pleasant Hill and Grace Healthcare of Phoenix for a total of $14.7 million. The dispositions mark the owner-operator’s exit from the states of California and Arizona.
Popular Community Bank Closes $42.5M in Financing for Skilled Nursing Facility in Staten Island
by Jeff Shaw
NEW YORK CITY — Popular Community Bank, a subsidiary of Popular Inc. (NASDAQ: BPOP), has provided financing totaling $42.5 million for Richmond Center for Rehabilitation, a 372-bed skilled nursing facility in the Staten Island borough of New York City.
IRVINE, CALIF. — HCP (NYSE: HCP), one of the largest healthcare real estate investment trusts in the United States, will spin off its HCR ManorCare portfolio of skilled nursing and assisted living assets into an independent, publicly traded REIT. The company’s board of directors approved the plan today.