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Skilled Nursing

AcquisitionsIndependent LivingIowaNewsSkilled Nursing

SLIB Negotiates Sale of Iowa Masonic in Metro Davenport

by Jeff Shaw

BETTENDORF, Iowa — Senior Living Investment Brokerage (SLIB) has arranged the sale of Iowa Masonic, a 79-bed skilled nursing facility and 40-unit independent living community in the Davenport suburb of Bettendorf. The seller was a local nonprofit that sought to sell in order to turn the business over to a company with experience that could ensure the long-term viability of the facility. The buyer was a private owner with additional communities in Iowa. The price was not disclosed. Ryan Saul and Nick Cacciabando of SLIB handled the transaction.

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FinanceNewsPennsylvaniaSkilled Nursing

CFG Provides $9.5M HUD Refinancing for Skilled Nursing Facility in Pennsylvania

by Jeff Shaw

PENNSYLVANIA — Capital Funding Group (CFG) has provided a $9.5 million HUD loan, which refinanced an existing bridge loan executed by CFG.  The transaction supported a 173-bed skilled nursing facility in Pennsylvania. Further details on the property and borrower were not disclosed.

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AcquisitionsMinnesotaNewsSkilled Nursing

SLIB Negotiates Sale of 338-Bed Portfolio in Minnesota

by Jeff Shaw

SLEEPY EYE and MAPLEWOOD, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two seniors housing communities in Minnesota totaling 338 beds. The two campuses are named Sleepy Eye Care Center and Maplewood Care Center. Maplewood is an eastern suburb of Minneapolis, while Sleepy Eye is approximately 100 miles to the southwest. Sleepy Eye consists of 128 beds and was built in 1972 and 1986. The Maplewood campus consists of 149 beds and 61 units and was built in 1970 and 1995. The properties combined total 194,049 …

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AcquisitionsNewsOklahomaSkilled Nursing

ESI Brokers Sale of 95-Bed Skilled Nursing Community in Oklahoma

by Jeff Shaw

OKLAHOMA — Evans Senior Investments (ESI) has arranged the sale of a 95-bed skilled nursing community on behalf of a private owner-operator. The facility is located 85 miles south of Oklahoma City. The buyer was a private investor from the West Coast that has a long history of skilled nursing operations and property ownership. Subsequently, the new owner enlisted an operator from the surrounding area that aims to expand its footprint within the state of Oklahoma. Further details were not disclosed.

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AcquisitionsIllinoisNewsSkilled Nursing

SLIB Negotiates Sale of 491-Bed Skilled Nursing Portfolio in Metro Chicago

by Jeff Shaw

CHICAGO — Senior Living Investment Brokerage (SLIB) has arranged the sale of three skilled nursing properties in metro Chicago totaling 491 beds. The communities are the premier nursing homes in the area and include CMS 5-Star ratings and JCAHO accreditation, according to SLIB. The seller was a privately owned, family-run company that was looking to exit the skilled nursing space. After COVID and the evolution of the industry it became clear to the seller that this portfolio would thrive better with a new owner that had more communities with more …

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NevadaNewsOperationsSkilled NursingTennessee

Ensign Group Takes on Operations of Two Skilled Nursing Facilities in Nevada, Tennessee

by Jeff Shaw

SPARKS, Nev., and HARROGATE, Tenn. — The Ensign Group Inc. (Nasdaq: ENSG) has acquired the operations of Hearthstone Health and Rehabilitation, a 125-bed skilled nursing facility located in Sparks, and TriState Health and Rehabilitation Center, a 116-bed skilled nursing facility located in Harrogate. Ensign will operate both properties under an long-term, triple-net lease. These acquisitions bring Ensign’s growing portfolio to 299 healthcare operations, 27 of which also include senior living operations, across 14 states. Ensign subsidiaries, including Standard Bearer, own 113 real estate assets.

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FinanceNewsSkilled NursingWisconsin

G Capital Markets Arranges Refinancing for 65-Bed Community Facility in Plum City, Wisconsin

by Jeff Shaw

PLUM CITY, Wis. — G Capital Markets has arranged the permanent refinancing of a skilled nursing and assisted living facility in Plum City, a tiny village of fewer than 1,000 residents approximately 60 miles southeast of the Twin Cities. The property was originally built in 1987 and renovated in 2005, with an assisted living expansion built in 2014. The community features 65 beds in 41 private and semi-private units, with a ratio of 70 percent skilled nursing to 30 percent assisted living. The community has performed strongly with occupancy consistently …

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IllinoisMissouriNewsOperationsSkilled Nursing

ESI Arranges Lease Transaction for a Midwest Skilled Nursing Portfolio

by Jeff Shaw

ILLINOIS and MISSOURI — Evans Senior Investments (ESI) has secured a tenant and executed a 10-year lease agreement for a large skilled nursing and supportive living portfolio spanning across Illinois and Missouri.  The portfolio comprises 13 communities located totaling over 1,600 licensed beds. The lease consisted of a ten-year term with a purchase option.  Evans Senior Investments selected a regional Midwest group as the tenant. Neither the tenant nor landlord were disclosed.

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AcquisitionsGeorgiaNewsSkilled Nursing

Selectis Health Agrees to Sell Four Skilled Nursing Facilities in Georgia for $31M

by Jeff Shaw

WARRENTON, EASTMAN, GLEN EAGLE and SPARTA, Ga. — Selectis Health Inc. (OTC: GBCS) has agreed to sell the company’s four owned and operated skilled nursing facilities in Georgia.  The agreements provide for the sale of the Company’s Warrenton Healthcare & Rehabilitation, Eastman Healthcare & Rehabilitation, Glen Eagle Nursing and Rehabilitation and Providence of Sparta Healthcare & Rehabilitation facilities, for an aggregate consideration of $31 million.  All four properties are located in rural markets in Middle Georgia. The Warrenton property features 110 beds, the Eastman 100 beds, Glen Eagle 101 beds …

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AcquisitionsCaliforniaNewsSkilled Nursing

Ziegler Negotiates $35.6M Sale of Eskaton Skilled Nursing Portfolio in Metro Sacramento

by Jeff Shaw

SACRAMENTO, FAIR OAKS and CARMICHAEL, Calif. — Ziegler has acted as exclusive financial advisor to Eskaton Properties Inc. on the sale of a skilled nursing portfolio in the greater Sacramento area.  The 391-bed portfolio consists of Eskaton Care Center Fair Oaks, Eskaton Care Center Greenhaven and Eskaton Care Center Manzanita. The communities are in proximity to each other.  Fair Oaks was built in 1983 and has 148 beds on a three-acre lot in Fair Oaks. Greenhaven was built in 1978 and has 148 beds on a 4.92-acre lot in Sacramento. …

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