DAPHNE, Ala. — Senior Living Investment Brokerage (SLIB) has arranged the $12.3 million sale of Eastern Shore Rehabilitation & Health Center, a 117-bed skilled nursing facility in Daphne, located directly across Mobile Bay from Mobile.
Skilled Nursing
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.
ATLANTA — Skyline Healthcare LLC will execute a purchase option on the master lease for the nine Arkansas skilled nursing facilities it currently operates for AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA). Skyline will purchase the properties for $55 million.
Capital Funding Group Provides Loans Totaling $26.6M for Two Communities in California, Illinois
by Jeff Shaw
SAN MARCOS, Calif., and ARLINGTON HEIGHTS, Ill. — Capital Funding Group, a lender based in Baltimore, has provided a $6.8 million bridge-to-HUD loan for Village Square Skilled Nursing Facility and a $19.8 million HUD construction loan for Transitional Care of Arlington Heights.