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.
Skilled Nursing
Capital Funding Group Provides Loans Totaling $26.6M for Two Communities in California, Illinois
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.
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a publicly traded seniors housing and healthcare REIT based in Murfreesboro, has purchased 12 skilled nursing facilities in Texas from operator Legend Healthcare for a total of $174.5 million.
CINCINNATI — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired Victory Park Nursing Home, a 55-bed skilled nursing facility, and Victoria Retirement Community, a skilled nursing and assisted living community with 90 skilled nursing beds and 69 assisted living units. Both facilities are located in Cincinnati.