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Skilled Nursing

Cedar Sinai Park in Portland
AcquisitionsAssisted LivingNewsOregonSkilled Nursing

Cedar Sinai Park Sells 246-Unit Seniors Housing Campus in Portland, Oregon

by Channing Hamilton

PORTLAND, Ore. — Nonprofit Cedar Sinai Park has sold its namesake seniors housing campus totaling 246 units in southwest Portland. Situated within four miles of downtown Portland, the Cedar Sinai Park campus comprises Rose Schnitzer Manor, a 154-unit assisted living community; Robison Jewish Health Center, a 44-bed skilled nursing facility; and the Harold Schnitzer Center for Living, a 48-bed skilled nursing facility. Built in 2016, the Harold Schnitzer Center for Living also offers adult day care services. Rose Schnitzer Manor was constructed in 1998 and 2002, and Robison Jewish Health Center …

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Regency House Alexandria in Alexandria, Louisiana
AcquisitionsAssisted LivingLouisianaNewsSkilled Nursing

Blueprint Negotiates Sale of Assisted Living, Skilled Nursing Facility in Central Louisiana

by Channing Hamilton

ALEXANDRIA, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Regency House Alexandria, an assisted living and skilled nursing community in Central Louisiana’s Alexandria, which lies on the south bank of the Red River. The seller was a local owner-operator. The buyer was a national owner-operator with an existing presence in Louisiana and experience with HUD’s transfer of physical assets (TPA) process, which involves the assumption of a HUD-insured loan. Regency House Alexandria consists of 10 assisted living beds and 60 skilled nursing beds and only accepts …

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FinanceIllinoisNewsSkilled Nursing

MonticelloAM Provides $59.2M in Financing for Skilled Nursing Facilities in Metro Chicago

by Channing Hamilton

CHICAGO — MonticelloAM and its affiliates have provided $59.2 million in bridge and working capital financing for a portfolio of skilled nursing facilities in metro Chicago. Proceeds from the $52.2 million bridge loan were used for the acquisition of three skilled nursing facilities. The $7 million working capital revolver will be used to support the day-to-day operations across the properties, covering over 700 licensed beds.  Karina Davydov, a managing director at MonticelloAM, originated the loan that carries a two-year term with two six-month extensions. “MonticelloAM understands the challenges borrowers are facing …

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Post acute care technology trends quote Matrixcare
Assisted LivingCCRCContent PartnersFeaturesIndustry ContentMemory CareOperationsSkilled NursingTechnology

New Technology, Electronic Health Records Solve Problems in Post-Acute Care

by Sarah Daniels

Changing Medicare requirements for risk-based programs are putting new pressure on seniors housing operators and skilled nursing facilities that provide post-acute care (PAC) to people recently released from hospitals. Standards for the quality of care are becoming stricter just as innovations in record keeping, data analysis, voice recognition technology and smart room sensors are maturing. These new technologies — including many powered by artificial intelligence (AI) — combined with electronic health records (EHRs) can help operators adapt to the enormous changes coming to the seniors housing business. “We really put …

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Memorial Gables in Marysville, Ohio
AcquisitionsNewsOhioSkilled Nursing

Senwell Brokers Sale of 112-Bed Skilled Nursing Facility in Marysville, Ohio

by Channing Hamilton

MARYSVILLE, Ohio — Senwell Senior Investment Advisors has brokered the sale of Memorial Gables, a 112-bed skilled nursing facility located in Marysville, approximately 34 miles northwest of Columbus in Union County. The buyer was an Ohio-based operator, which has more than 25 years of experience in Ohio’s senior care industry and operates numerous facilities across the state. Ohio. Union County was the seller of the facility, which had been operated as part of the Memorial Health system. Toledo, Ohio-based Senwell engaged more than 400 organizations nationally, with 68 signing non-disclosure …

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AcquisitionsAssisted LivingNewsSkilled NursingTennessee

ESI Brokers Sale of Mabry Health Care & Rehabilitation Center in Gainesboro, Tennessee

by Channing Hamilton

GAINESBORO, Tenn.— Evans Senior Investments (ESI) has arranged the sale of Mabry Health Care & Rehabilitation Center in Gainesboro, located about 88 miles east of Nashville. The transaction was executed on behalf of the seller, an independent owner-operator. The buyer was Strawberry Fields REIT in an off-market transaction. Mabry Health Care, a family-owned nursing home founded in 1979, has served the Gainesboro community for over four decades. Originally focused solely on skilled nursing care, the center expanded its services in 2005 to include assisted living. Today, the facility comprises 108 total …

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AcquisitionsMissouriNewsSkilled Nursing

ESI Brokers Sale of 199-Bed Skilled Nursing Facility in Western Missouri

by Jeff Shaw

MISSOURI — Evans Senior Investments (ESI) has arranged the sale of a skilled nursing facility in Western Missouri. The transaction was executed on behalf of an independent owner-operator seeking to exit the industry. Built in 1987 and situated on over 4 acres of land, the facility is licensed for 199 skilled nursing beds. At the time of marketing, it faced several operational challenges, including a two-star CMS rating, 54 percent occupancy and negative cash flows.  In light of these circumstances, the property offers substantial value-add potential. Its location, just a …

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DevelopmentFinanceNew YorkNewsSkilled Nursing

Largo Arranges $11.6M in Financing for Skilled Nursing-to-Multifamily Conversion in Buffalo, New York

by Jeff Shaw

BUFFALO, N.Y. — Ned Perlman of Largo Real Estate Advisors Inc. has arranged $11.6 million in construction/renovation financing for a former nursing home that will be transformed into an upscale 84-unit multifamily property with luxury amenity spaces.  The property will undergo extensive interior and exterior renovations and feature 57-one-bed, one-bath units; four two-bed, one-bath units; and 23 studios.  The property is located in downtown Buffalo with access to the city’s major attractions and interstate highway system. 

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AcquisitionsNewsSkilled NursingTexas

SLIB Negotiates Sale of Two Skilled Nursing Facilities in Central Texas

by Jeff Shaw

HONDO and KERRVILLE, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of two skilled nursing facilities in Hondo and Kerrville.  Offering 232 total skilled nursing beds, the portfolio of communities are located within 60 miles of each other in Central Texas. The portfolio is approximately 55,500 square feet in total and is situated on approximately 4.1 acres of land. The seller is an owner-operator located in Texas, while the buyer is a publicly traded REIT that is leasing the properties to a new operator in the Texas …

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AcquisitionsNewsSkilled Nursing

CareTrust REIT Acquires Two Skilled Nursing Facilities for $62.1M

by Jeff Shaw

SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NYSE: CTRE) has acquired two skilled nursing facilities in separate transactions with a total investment amount of $62.1 million.  The company acquired a 125-bed skilled nursing facility in the Mid-Atlantic and a 134-bed skilled nursing facility on the West Coast. CareTrust’s investment in the Mid-Atlantic facility, inclusive of transaction costs, was approximately $37.7 million and will generate an initial annual base rent of approximately $3.4 million. The company has leased the facility pursuant to a new 15-year, triple-net lease that includes two five-year …

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