Owner/operator moves toward becoming a skilled nursing REIT adept at small transactions.
Skilled Nursing
TAMPA, Fla. — Atlanta-based seniors housing investment company AdCare Health Systems Inc. (NYSE MKT: ADK) has agreed to purchase a 55-bed skilled nursing facility in Tampa for approximately $4.8 million. The name of the facility and seller were not disclosed.
POLAND, Ohio — RED Mortgage Capital, the mortgage banking arm of RED Capital Group LLC, has arranged a $3.5M FHA 232/241(a) loan for Woodlands at Hampton Woods, a skilled nursing and assisted living facility located in Poland, along the eastern border with Pennsylvania.