ATCHISON, Kan. — The Ensign Group Inc. (Nasdaq: ENSG) has acquired the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility located in Atchison, located along the Missouri river approximately 45 miles northwest of Kansas City. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT Inc., Ensign’s captive real estate company. Gateway Healthcare, Ensign’s Kansas-based subsidiary, will handle operations. In a separate transaction on the same day, Ensign announced that its affiliates acquired the operations of Park Post …
DOVER, Del. — Evans Senior Investments (ESI) has arranged the sale of Courtland Manor, a skilled nursing community in Dover. An independent owner-operator sold the asset for $10 million, or $142,857 per bed. The buyer was a New York-based owner-operator. Since its inception in 1986, Courtland Manor has been under the ownership and operation of the seller. It features 70 licensed beds and a five-star CMS rating. Courtland Manor has historically maintained high occupancy rates, boasting figures in the high 80 percent range prior to COVID-19. Despite the challenges posed …
TEXAS — Sherman & Roylance has negotiated the sale of a 104-bed skilled nursing facility in Texas. A physician owner sold the asset to a California-based buyer for $8.1 million. Sherman & Roylance also arranged acquisition financing. The facility was built in 2018 and features 94 Medicare and 10 Medicaid beds. Further details were not disclosed.
TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 320 licensed beds in East Texas. Following historical census lows and staffing challenges endured as a result of the pandemic, the two facilities were positively trending back towards historically achieved stabilized levels when the seller sought an exit. Further enhancing the attractiveness of the opportunity was the assumable HUD debt featuring an interest rate of 2.9 percent and a remaining term of over 25 years. Details on the buyer, seller and price were …
DAYTON, Ohio — Blueprint Healthcare Real Estate Advisors has brokered the sale of The Oaks of West Kittering, a skilled nursing facility in Dayton. The community was built in 1973 and features 118 licensed beds. A regional owner-operator sold the property as part of its shift to other asset classes. An owner-operator with a presence in Ohio purchased the facility for an undisclosed price. Connor Doherty and Ryan Kelly led the Blueprint team.
COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a seniors housing community in Columbus. The property faced challenges with occupancy and escalating staffing expenditures, which is why the owner sought a sale, according to Blueprint The community, which opened 2001, comprises 125 licensed skilled nursing beds and 32 seniors housing units. The buyer was an owner-operator with an established Ohio healthcare enterprise that sought to expand its footprint in the Columbus MSA and capitalize on the recent Ohio Medicaid reimbursement rate enhancements for both skilled …
CENTER POINT and JONESVILLE, La. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 244 licensed beds in Center Point and Jonesville. The properties are located approximately 40 miles away from each other and approximately midway between New Orleans and Shreveport in the central part of the state. The seller was CommCare. Omega Healthcare REIT alongside its operator, Venza Care, acquired the assets for an undisclosed price. Brooks Blackmon and Lauren Nagle led the Blueprint team.
DALLAS — Marcus & Millichap (NYSE: MMI) has arranged the sale of a portfolio of eight skilled nursing facilities and one assisted living facility totaling 1,080 licensed beds in the Dallas-Fort Worth Metroplex. “Secured by assumable nonrecourse government agency financing at below-market interest rates, the buyer made a strategic acquisition with built-in financing,” says Nick Stahler, first vice president investments in Marcus & Millichap’s Orange County office. “The portfolio’s occupancy rate at the time of the sale provides significant upside through occupancy growth, improvement of payor mix, and expense control.” …
LANCASTER, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Crestview Rehabilitation, a 180-bed skilled nursing facility in Lancaster, approximately 30 miles southeast of Columbus. The facility is a cornerstone in the Lancaster community for nearly five decades, according to Blueprint, but faced operational challenges exacerbated by the staffing and occupancy struggles that emerged during the pandemic. The buyer was an owner-operator seeking to capitalize on the Ohio Medicaid rate increase implemented in 2023. The seller and price were not disclosed. Connor Doherty and Ryan Kelly led …
VIRGINIA — Capital Funding Group (CFG) has provided a $19.8 million bridge-to-HUD loan to support the acquisition of a 120-bed skilled nursing facility in Virginia. Loan proceeds represented 100 percent of the acquisition and closing costs. Further details were not disclosed. Andrew Jones originated the transaction for Capital Funding Group.