Skilled Nursing

Tryko Partners Buys 308-Bed Virtua Health Skilled Nursing Portfolio in New Jersey

by Jeff Shaw June 7, 2022

BERLIN and MOUNT HOLLY, N.J. — Tryko Partners has acquired two skilled nursing facilities in Berlin and Mount Holly, both located across the Delaware River from Philadelphia. Virtua Health sold the two communities for an undisclosed price. Tryko plans to rebrand the assets as Berlin Rehabilitation & Healthcare Center and Mount Holly Rehabilitation & Healthcare Center, respectively. Tryko facilities are supported by Marquis Health Consulting Services, a nursing home consulting company. The standalone Mount Holly facility features 180 licensed beds. The 128-bed Berlin facility is part of a larger Virtua …

June 7, 2022

Acquisitions News Ohio Skilled Nursing

Blueprint Brokers Sale of 335-Unit Portfolio in Metro Cleveland

by Jeff Shaw June 7, 2022

CLEVELAND — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 335-unit skilled nursing and seniors housing portfolio in the Cleveland metro area. The seller was a regional owner-operator seeking to exit the industry. A private equity buyer based in New York acquired the portfolio for an undisclosed price. Further details on the portfolio were not disclosed.

June 7, 2022

Acquisitions Finance News Skilled Nursing Texas

VIUM Funds $15M Acquisition Loan for Skilled Nursing Facility in Texas

by Jeff Shaw June 7, 2022

TEXAS — VIUM Capital has provided a $15 million bridge loan for the acquisition of a 124-bed skilled nursing facility in Texas. The financing features 100 loan-to-cost ratio and 50 percent recourse that will burn off along with the HUD loan application. The community opened in March 2020. Further details were not disclosed.

June 7, 2022

Acquisitions News Oregon Skilled Nursing

SLIB Brokers Sale of 38-Unit Cornerstone Care in Portland, Oregon

by Jeff Shaw June 6, 2022

PORTLAND, Ore. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Cornerstone Care Option, a 38-unit, 56-bed skilled nursing facility in Portland. The community was originally built in 1955 on 7.3 acres, with renovations in 2006. The 98,700-square-foot asset was 98 percent occupied. The seller was a local owner-operator looking to retire from seniors housing. A regional group based in the West acquired the property for an undisclosed price. Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction.

June 6, 2022

Acquisitions New Mexico News Skilled Nursing

Blueprint Arranges Sale of 50-Unit Transitional Care Facility in New Mexico

by Jeff Shaw June 3, 2022

NEW MEXICO — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 50-unit transitional care facility in New Mexico. The property is located within five miles of three hospitals. It recently underwent an operator transition, and occupancy was approaching 80 percent at the time of marketing. The buyer was a regional owner-operator that was open to leasing for a short period of time before exercising a purchase option to acquire the facility. This marked the buyer’s first acquisition in New Mexico, further expanding its geographic footprint in the …

June 3, 2022

Acquisitions Finance New Jersey News Skilled Nursing

CFG Arranges $10.6M in Acquisition Financing for Skilled Nursing Facility in Pittsgrove, New Jersey

by Jeff Shaw June 1, 2022

PITTSGROVE, N.J. — Capital Funding Group (CFG) has arranged $10.6 million in bridge-to-HUD financing for the acquisition of an 84-bed skilled nursing facility in Pittsgrove, approximately 30 miles south of Philadelphia. Care Tim Eberhardt and Ava Julio originated the transaction. Further details were not disclosed.

June 1, 2022

Acquisitions News Skilled Nursing Texas

North Texas Benevolent Holdings Buys Three Communities from Bankruptcy

by Jeff Shaw May 31, 2022

DALLAS — North Texas Benevolent Holdings has acquired three seniors housing communities. The locations and details on the properties were not disclosed. The properties were formerly part of Christian Care Centers, which declared bankruptcy. The buyer intends to lease all three communities to affiliates of Boncrest Resource Group Inc. a nonprofit operator North Texas Benevolent Holdings, LLC is owned by McFarlin Group of Dallas and Covington Health Group of Atlanta.

May 31, 2022

Development News Pennsylvania Skilled Nursing

Rosette Converts Single-Family Home into Eight-Unit Community in Gladwyne, Pennsylvania

by Jeff Shaw May 26, 2022

GLADWYNE, Pa. — Rosette, a conversion of a single-family home into a seniors housing community, has opened its doors in Gladwyne, a Philadelphia suburb within the Main Line region that follows the former Pennsylvania Railroad track. Inspired by a pod-like senior living concept found on the West Coast, Rosette has been updated and restored for eight immobile or otherwise disabled seniors so they can live and receive assistance together as a group. Rosette’s licensed personal care model is based on real-life family living. With full-time caregivers in the home 24/7, …

May 26, 2022

Industry Content Operations People Skilled Nursing Technology Videos Webinars

Webinar: How to Tackle the Top Workforce Challenges Facing Senior Living Communities

by Sarah Daniels May 25, 2022

The focus of Seniors Housing Business’ latest webinar, sponsored by Paychex, was “How to Tackle the Top Workforce Issues Facing Senior Living Communities.” What are the top human resource challenges senior living communities face? What solutions, recommendations and tools can help communities thrive when it comes to finding and employing staff? Expert panelists discussed approaches to attracting skilled workers and keeping existing staff happy, healthy, well trained and engaged. This brief, one-hour webinar is full of options and suggestions for best practices, as well as tips and tricks for those in …

May 25, 2022

Acquisitions California Finance News Skilled Nursing

Capital Funding Group Provides $11.3M Acquisition Loan for Skilled Nusing Facility in Sacramento

by Jeff Shaw May 24, 2022

SACRAMENTO — Capital Funding Group (CFG) has provided $11.3 million in bridge-to-HUD financing for the acquisition of a skilled nursing facility. The facility, which is located in Sacramento, features 121 beds. Capital Funding Group’s Tim Eberhardt and Ava Julio originated the transaction. Further details were not disclosed.

May 24, 2022

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