CHICAGO — Evans Senior Investments (ESI), a Chicago-based broker, has arranged the sale of eight skilled nursing facilities in Ohio. An Ohio-based owner-operator sold the assets to a regional owner-operator looking to grow in the state. The price was $70 million, or $90,000 per functional bed/unit. The portfolio totals 623 licensed skilled nursing beds (614 functional beds), 22 independent living units and 176 licensed assisted living beds (140 functional beds). “While under contract the portfolio received a large Medicaid rate increase of almost $30 per patient day,” says Henry Fuller, …
FRESNO, Calif. — JCH has arranged the $6.4 million sale of a skilled nursing facility in Fresno. The seller was an owner-operator that needed assistance to continue operating. The buyer was a regional owner-operator. Further details were not disclosed.
NORTHWEST PENNSYLVANIA — Senior Living Investment Brokerage (SLIB) has negotiated the sale of two skilled nursing facilities located in Northwest Pennsylvania. The seller deemed one of the communities, an 80-bed facility, to be a non-core asset. A larger, 180-bed facility was included in the offering to make it more attractive. The buyer is a New York-based investor in the skilled space with a growing presence Pennsylvania. Ryan Saul and Toby Siefert of SLIB handled the transaction.
GRAPEVINE, Texas — Blueprint Healthcare Real Estate Advisors has arranged the placement of a new tenant at The Lodge at Bear Creek in Grapevine. The Lodge at Bear Creek was built in 2016 and is licensed for 100 beds of skilled nursing and short-term rehabilitation. Grapevine is an affluent suburb approximately 21 miles northwest of Dallas, and the facility benefits from being near two prominent regional hospitals. The owner, ServiceStar Capital Management, sought to reposition the asset with a new operator. A Utah-based management company, Eduro Healthcare, was selected as …
DAYTON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities north of Dayton. The two facilities were originally built in the 1990s and underwent considerable renovations since 2010. Further details on the property were not disclosed. A regional owner-operator sold the assets to an East Coast-based owner-operator making its first move into Ohio. The price was not disclosed.
FRESNO, Calif. — JCH has arranged the sale of a skilled nursing facility in Fresno. An owner-operator sold the asset to a regional owner-operator for $6.4 million. The former tenant opted out of the property, and JCH also assisted in finding a new tenant. Cindy Hazzard and Jennifer Contreras of JCH handled the transaction process.
BETHESDA, Md. — Walker & Dunlop Inc. has arranged $43.2 million in financing for six skilled nursing facilities located across the state of Illinois. The financing included: $3.9 million for Aperion Care Bridgeport in Bridgeport. $6.9 million for Aperion Care Burbank in Burbank. $6.3 million for Aperion Care Dekalb in Dekalb. $3.6 million for Aperion Care Litchfield in Litchfield. $16.2 million for Aperion Care Wilmington in Wilmington. $6.4 million for Rock River Health Care in Rockford. Bethesda-based Walker & Dunlop’s Joshua Rosen and Brad Annis used Department of Housing and …
NEW MEXICO — Evans Senior Investments (ESI) has arranged the sale of a 100-bed skilled nursing community in New Mexico. Built in the late 1990s, the facility is located over 50 miles from the nearest competing nursing facility. The facility experienced a COVID-19 outbreak shortly before going to market, which resulted in the loss of over 25 residents and brought occupancy down to an all-time low of 46 percent. At the time of sale, the facility was 65 percent occupied. ESI represented the seller, a regional owner-operator based out of …
VICTORIA, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Retama Manor Nursing Home, a skilled nursing facility in Victoria, located between Houston and San Antonio. An independent owner sold the community for $4.4 million, as the lease with the operator was set to expire at the end of the year. The buyer is an owner-operator that will take over operations. The facility consists of 142 beds and was built in 1969 totaling approximately 29,510 square feet on three acres of land. Matthew Alley of SLIB handled …
Balance and efficiency in seniors housing have always been the hardest-to-achieve goals of the post-acute care continuum. Electronic health record (EHR) software, integrated with existing technologies, can both promote consistency and save staff time. Once fully integrated, care platforms can create a cascade effect where purpose-built technologies improve the system of care: easier interfaces improve health records, analyze resident data and predict problems before they happen. Better records and data analytics save staff time and effort, so they can focus on improving care. Applying Technology to Post-Acute Issues Post-acute EHR …