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Skilled Nursing

AcquisitionsNewsOklahomaSkilled Nursing

Plains Commercial Negotiates Sale of Monroe Manor in Jay, Oklahoma

by Jeff Shaw

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 …

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AcquisitionsKentuckyNewsSkilled Nursing

Strawberry Fields REIT Acquires 120-Bed Skilled Nursing Facility in Jackson, Kentucky

by Jeff Shaw

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 …

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AcquisitionsMissouriNewsSkilled Nursing

Blueprint Brokers Sale of 90-Bed Jackson Manor Nursing Home in Jackson, Missouri

by Jeff Shaw

JACKSON, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Jackson Manor Nursing Home, a 90-bed skilled nursing and long-term care facility in Jackson, approximately 110 miles south of St. Louis. A public REIT sold the asset to a local owner-operator for an undisclosed price. The facility was originally constructed in 1979 and features all private rooms. With limited local competition, Jackson Manor maintained consistent census and quality mix levels through local and regional referral sources around nearby Cape Girardeau.

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AcquisitionsNewsSkilled NursingTexas

SLIB Negotiates Sale of 132-Bed Homestead of Sherman in Texas

by Jeff Shaw

SHERMAN, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Homestead of Sherman, a 132-bed skilled nursing facility in Sherman, approximately 65 miles north of Dallas. The community totals approximately 39,211 square feet on a five-acre plot. A private partnership out of Dallas sold the community to an owner-operator from Fort Worth with 20 existing properties in the state. The price was not disclosed. Matthew Alley and Ryan Saul of SLIB handled the transaction.

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AcquisitionsFloridaNewsSkilled Nursing

SLIB Brokers Sale of 120-Bed Cathedral Care in Jacksonville

by Jeff Shaw

JACKSONVILLE, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Cathedral Care, a 129-bed skilled nursing facility in Jacksonville. The seller was looking to divest the standalone community. A national owner with operations in Florida acquired the asset for an undisclosed price. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

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FinanceNewsSkilled NursingUtah

Live Oak Arranges $16.1M Loan for Utah-Based Skilled Nursing Owner-Operator

by Jeff Shaw

UTAH — Live Oak Bank has arranged a $16.1 million loan for a Utah-based owner and operator of nursing homes. Berkadia Commercial Mortgage’s Seniors Housing & Healthcare Group assisted on the transaction. This financing provided bridge-to-HUD debt for a 38-bed transitional care skilled nursing facility that opened in 2019 and caters to individuals in need of short-term rehabilitation.

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FinanceNewsOhioSkilled Nursing

Walker & Dunlop Provides $10.9M HUD Financing for Monarch Skilled Nursing & Rehab in Marysville, Ohio

by Jeff Shaw

MARYSVILLE, Ohio — Walker & Dunlop has provided $10.9 million HUD loan to refinance debt on Monarch Skilled Nursing & Rehab, a 75-unit skilled nursing and assisted living community in Marysville, a suburb of Columbus. Frank Cassidy led the Walker & Dunlop team on behalf of Janet Harris and Holland Management. Monarch Skilled Nursing was originally built in 1967 and underwent a rehabilitation of the existing units as well as added assisted living units, which recently stabilized.

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AcquisitionsNewsSkilled NursingTexas

Blueprint Negotiates $8.7M Sale of Vacant Mainstreet Property in Texas

by Jeff Shaw

TEXAS — Blueprint Healthcare Real Estate Advisors has brokered the sale of a vacant, 70-unit asset in Texas. Mainstreet originally developed the healthcare property, but did not fully complete construction prior to being foreclosed upon. The property was developed to be a turnkey, purpose-built transitional care facility, and featured very similar design features to the other two properties that Mainstreet built in Amarillo and Temple. A Texas-based investor acquired the property for $8.7 million, or $124,285 per unit, and plans to lease it to an East Coast-based skilled nursing operator. …

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AcquisitionsIndianaNewsSkilled Nursing

ESI Brokers $4.2M Sale of Manderley Health Care Center in Osgood, Indiana

by Jeff Shaw

OSGOOD, Ind. — Evans Senior Investments (ESI) has arranged the sale of Manderley Health Care Center, a 71-bed skilled nursing community located in Osgood, a tiny town located between Indianapolis and Cincinnati. An independent owner-operator sold the property to an East Coast-based owner-operator for $4.2 million, or $58,451 per bed. Built in 1981, Manderley Health Care Center was 58 percent occupied and not cash flowing at the time of marketing. While under contract, occupancy at the community dipped below 45 percent. However, the owners of the community were able to …

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AcquisitionsColoradoNewsSkilled Nursing

Ensign Group Acquires Two Skilled Nursing Facilities in Colorado

by Jeff Shaw

BRIGHTON and NORTHGLENN, Colo. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Brighton Care Center, a 108-bed skilled nursing facility located in Brighton, and Malley Transitional Care Center, a 162-bed skilled nursing facility located in Northglenn. These acquisitions are subject to a long-term, triple-net lease. “We are excited about growing in Colorado,” says Barry Port, Ensign’s CEO. “These facilities are a great fit to our existing portfolio and we look forward to the contribution each will have in our operational market and clusters in Colorado.” This …

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