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Skilled Nursing

White Oak at North Grove, Spartanburg, S.C.
AcquisitionsCompany NewsNewsNorth CarolinaOperationsSkilled NursingSouth Carolina

Blueprint Brokers Sale of White Oak Management, Including Portfolio of 2,000 Skilled Nursing Beds

by Jeff Shaw

SPARTANBURG, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the entity-level sale of White Oak Management, an operator with a portfolio of 15 skilled nursing facilities totaling more than 2,000 beds in North Carolina and South Carolina. Led by the Cecil Family, Spartanburg-based White Oak was originally founded in 1964 and has since expanded across the Carolinas. In addition to its 15 facilities, White Oak also owned and operated an ancillary pharmacy company dedicated to servicing the portfolio. The facilities enjoyed a demonstrated track record of strong profitability, with …

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AcquisitionsNewsSkilled NursingWisconsin

ESI Arranges Sale of 186-Bed Samaritan Health Center in West Bend, Wisconsin

by Jeff Shaw

WEST BEND, Wis. — Evans Senior Investments (ESI) has arranged the sale of Samaritan Health Center, a county-owned facility in West Bend, approximately 30 miles north of Milwaukee.  The community was originally built in 1969 and renovated in 2009. The facility offers three licensed programs: a skilled nursing facility, an assisted community-based residential facility (CBRF), and a supportive living, apartment-style residential care apartment complex (RCAC). Altogether, the center provides 186 beds, including 131 skilled nursing beds, 24 RCAC beds and 31 CBRF beds.  At the time of marketing, Samaritan Health …

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AcquisitionsNewsSkilled NursingSouth Carolina

Ziegler Brokers Sale of 122-Bed The Oaks of Orangeburg in South Carolina

by Jeff Shaw

ORANGEBURG, S.C. — Ziegler has acted as sell-side advisor in the disposition of The Oaks of Orangeburg, a 122-bed skilled nursing facility in Orangeburg, approximately 35 miles southeast of Columbia. The facility, located in a rural area of the state, is adjacent to a larger independent living campus that was not included in this sale. A privately held healthcare real estate investment and management company out of Skokie, Illinois purchased the property.  The new operator is PACS Group Inc.

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AcquisitionsNewsSkilled NursingTexas

SLIB Negotiates Sale of 120-Bed Skilled Nursing Facility in La Marque, Texas

by Jeff Shaw

LA MARQUE, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 120-bed skilled nursing facility in La Marque, a Gulf Coast city southeast of Houston. The community totals approximately 45,628 square feet on 4.3 acres of land. The seller is a local, Texas-based family partnership, which is selling its only seniors housing community. The buyer owns and operates several skilled nursing facilities in Texas. The price was not disclosed. Matthew Alley of SLIB handled the transaction.

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AcquisitionsFinanceMassachusettsNewsSkilled Nursing

CFG Provides $17.3M Acquisition Financing for Three Skilled Nursing Facilities in Massachusetts

by Jeff Shaw

MASSACHUSETTS — Capital Funding Group (CFG) has provided a $17.3 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities in Massachusetts.  The facilities support 322 beds. The buyer, seller, price and names/locations of the properties were not disclosed.  Craig Casagrande and Catherine Mansel originated the transaction for CFG.

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AcquisitionsNewsPennsylvaniaSkilled Nursing

ESI Brokers the Sale of 118-Bed Beacon Ridge in Indiana, Pennsylvania

by Jeff Shaw

INDIANA, Pa. — Evans Senior Investments (ESI) has arranged the sale of Beacon Ridge, a skilled nursing community in the small borough of Indiana, approximately 50 miels east of Pittsburgh. Beacon Ridge opened its doors in the 1970s and has since completed two major renovation projects. The community is licensed for 118 skilled nursing beds and offers a unit mix, including private units, semi-private units, and three-bed wards. At the time of marketing,  Beacon Ridge was 63% occupied and operating with a negative net operating income at the time of …

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AcquisitionsNewsPennsylvaniaSkilled Nursing

Blueprint Negotiates Sale of Skilled Nursing Facility in Metro Philadelphia

by Jeff Shaw

PHILADELPHIA — Blueprint Healthcare Real Estate Advisors has brokered the sale of a Class A skilled nursing facility in the Philadelphia area. Built in the early 2000s, the facility underwent a significant renovation project in 2022. The property is a Medicare-only community. The seller was an institutional private equity firm. The incumbent operator was a seniors housing-focused manager also providing lower acuity senior care services on the adjacent campus. A regional owner-operator looking to expand in the region acquired the asset for an undisclosed price. Michael Segal, Jacob Gehl, Dillon …

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DelawareFinanceNewsSkilled Nursing

CFG Provides $23.6M Refinancing for Skilled Nursing Facility in Delaware

by Jeff Shaw

DELAWARE — Capital Funding Group (CFG) has provided a $23.6 million bridge-to-HUD loan, which supported the refinancing of an existing bridge loan executed by CFG. The deal supported a 169-bed skilled nursing facility in Delaware.  Andrew Jones originated the transaction for the CFG. Further details on the property and borrower were not disclosed.

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AcquisitionsIndianaNewsSkilled Nursing

ESI Brokers Sale of Two Skilled Nursing Facilities in Indiana

by Jeff Shaw

PLYMOUTH and LOGANSPORT, Ind. — Evans Senior Investments (ESI) has arranged the sale of two skilled nursing communities that were family-owned and operated in Northern Indiana.  Pilgrim Manor, located in Plymouth, was built in 1969, with a significant renovation in 2012. The facility offers 78 skilled nursing beds, including 40 private rooms. Despite experiencing financial challenges and a 73 percent occupancy rate at the time of sale, the facility maintained an four-star CMS rating. Chase Center, situated in Logansport, opened in 1978. The facility offers a total of 101 skilled …

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AcquisitionsNewsOhioSkilled Nursing

Blueprint Arranges Sale of 80-Bed Skilled Nursing Facility Near Akron, Ohio

by Jeff Shaw

AKRON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of an 80-bed skilled nursing facility. Purpose-built in 2015 as a transitional care facility in a northeastern suburb of Akron, the facility presented numerous paths to stabilization with strong fundamentals and attractive in-place HUD financing, according to Blueprint. The buyer was a regional owner/operator with significant experience in Northeast Ohio, allowing for a quick HUD Transfer of Physical Assets approval. The seller and price were not disclosed. Connor Doherty and Ryan Kelly led the Blueprint team.

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