AURORA and LAKEWOOD, Colo. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Hampden Hills Post Acute, a 218-bed skilled nursing facility in Aurora, and Mapleton Post Acute, an 84-bed skilled nursing facility in Lakewood. Both properties are located in first-ring suburbs of Denver. Ensign has signed long-term, triple-net leases for both. The owner was not disclosed. These acquisitions bring Ensign’s growing portfolio to 290 healthcare operations, 26 of which also include senior living operations, across 13 states. Ensign subsidiaries, including Standard Bearer, own 108 real estate …
CINCINNATI and CLEVELAND — Senwell Senior Investment Advisors has arranged the sale of two skilled nursing facilities in Ohio’s Cincinnati and Cleveland markets. The seller, a regional operator in the Midwest, opted to divest these properties as they were not aligned with the company’s core long-term care model. The communities were built in 2016 and 2017. The buyer was a Medicare-specialized operator from the West looking to expand its presence in Ohio. Senwell’s Ben Bohland facilitated the transaction.
WALLINGFORD, Conn. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a vacant, 180-bed skilled nursing facility in Wallingford, approximately midway between Hartford and New Haven. The buyer was a Florida-based developer with local ties to Wallingford. No further details were disclosed.
LAKEWOOD, Colo. — Vivage Senior Living and Beecan Health Colorado have merged, bringing together an integrated network of care. The two companies combined operate 42 skilled nursing facilities totaling 3,600 licensed beds in the state of Colorado. In addition to providing a large variety of placement options, Vivage-Beecan is also dedicated to enhancing specialty program development. This unified network of skilled nursing facilities allows residents and family members greater access to healthcare solutions in every corner of the state of Colorado, according to the company.
ILLINOIS — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 76-bed skilled nursing facility located approximately 80 miles west of Springfield, Illinois. The seller was a regional owner-operator looking to divest this asset from its portfolio to focus on core assets. The buyer was a regional owner and operator based on the East Coast looking to expand its presence in Illinois. The price and further details on the property were not disclosed.
LOS ANGELES — Sherman & Roylance has arranged new leases for two skilled nursing facilities totaling over 150 licensed beds in downtown Los Angeles. Sherman & Roylance sourced a selection of competitive offers and recommended the new tenant.
PENNSYLVANIA — Evans Senior Investments (ESI) has arranged the exit from the long-term care industry for a Pennsylvania owner-operator. The portfolio consisted of three properties comprising of 395 beds of skilled nursing and 32 units of private-pay seniors housing. The purchase price was $39 million, or $91,000 per functional bed/unit. At the time of marketing, the average census was 64 percent with total portfolio revenue of $27.2 million and net operating income loss of -$1.5 million, or a -5 percent net operating income margin. While under contract, census reached a …
LOS ANGELES — Blueprint Healthcare Real Estate Advisors has negotiated the sale of The Rehabilitation Center of Beverly Hills, a 150-bed skilled nursing facility in Los Angeles. The Rehabilitation Centre of Beverly Hills is a premier, state-of-the-art, all Medicare nursing facility located near Cedars-Sinai Medical Center, one of the most prestigious hospitals in the United States. A private, high-net-worth owner-operator based in Los Angeles was the buyer. The seller and price were not disclosed.
JAY, Okla. — Plains Commercial has arranged the sale of Monroe Manor, a seniors housing community in Jay, a small city in the northeast corner of Oklahoma. Monroe Manor is a 1960s vintage skilled nursing facility licensed for 98 beds that was expanded in the early 1990s. The seller is an Oklahoma-based operator that was looking to exit the industry and retire. The buyer is an Illinois-based owner-operator that had previously operated in Oklahoma and was looking to re-enter the state. The sale involved a unique HUD deed restriction that …
JACKSON, Ky. — Strawberry Fields REIT has acquired a skilled nursing facility located in Jackson, a small city of fewer than 3,000 residents approximately 90 miles southeast of Lexington. The Landmark of Breathitt County Rehabilitation & Nursing Center (formerly operated as the Nim Henson Geriatric Center) is a 120-bed facility that was built in 1971. The facility is the only skilled nursing property available in Breathitt County and was most recently renovated in 2021. Upon purchase, the facility was added to the Landmark master lease. A&M Healthcare Investments, which operates …