HOUSTON — Granite Investment Group has acquired five skilled nursing facilities in South Texas via two separate off-market transactions for a total of $90.1 million.
Skilled Nursing
NEW YORK — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $17.8 million mortgage loan for Saints Joachim and Anne Nursing & Rehabilitation Center, a 200-bed skilled nursing center in Brooklyn owned by Catholic Charities of Brooklyn and Queens.
Capital Funding Arranges $18.3M Bridge-to-HUD Acquisition Loans for Two Pennsylvania Skilled Nursing Facilities
by Jeff Shaw
COLUMBIA and ELIZABETHTOWN, Pa. — Capital Funding Group has arranged a bridge-to-HUD loan for the acquisition of two skilled nursing facilities: Susquehanna Valley Nursing and Rehabilitation Center in Columbia and Rheems Nursing and Rehabilitation Center in Elizabethtown.
Genesis Acquires 24 Skilled Nursing Facilities, Operations Business from Revera for $240M
by Jeff Shaw
KENNETT SQUARE, Pa. — Genesis HealthCare, a post-acute care provider based in Kennett Square, has agreed to purchase 24 skilled nursing facilities from Revera Inc., an owner-operator based in Canada, for $240 million. As part of the deal, Genesis will also acquire the operations of Premier Therapy, Revera’s contract rehabilitation business.