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AcquisitionsNewsPennsylvaniaSkilled Nursing

Tryko Partners Acquires Regina Community Nursing Center in Norristown, Pennsylvania

by Jeff Shaw

NORRISTOWN, Pa. — Private equity investment firm Tryko Partners has acquired Regina Community Nursing Center, a 121-bed skilled nursing facility in Norristown, for an undisclosed price. Tryko has rebranded the property as Markley Rehabilitation & Healthcare Center and plans to implement a $3.5 million investment in physical plant renovations and specialty programming enhancements. “This facility has significant upside potential,” says Tryko’s Uri Kahanow, director of acquisitions. “It has good bones and is located in a prime market, one in which we have nearly a decade of experience and facilities that …

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AcquisitionsNew YorkNewsSkilled Nursing

Blueprint Negotiates Sale of 80-Bed Rosewood Rehab in Rensselaer, New York

by Jeff Shaw

RENSSELAER, N.Y. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Rosewood Rehabilitation & Nursing Center in Rensselaer, just across the Hudson River from Albany. Totaling 80 beds, the skilled nursing facility was originally developed in the mid-1970s. Prior to the marketing and sale process, the private ownership group completed capital investments including interior renovations, operational equipment upgrades and technological enhancements. The property was consistently above 90 percent occupancy at the time of sale. The buyer and seller were not disclosed.

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AcquisitionsLouisianaNewsSkilled Nursing

Blueprint Brokers Sale of Carroll Nursing Home in Northeast Louisiana

by Jeff Shaw

OAK GROVE, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Carroll Nursing Home, located in Oak Grove, in the Northeast corner of Louisiana near the Arkansas border. The skilled nursing facility features 120 beds. It was originally built in 1960, with expansion and renovation projects in 1962, 1976 and 1987. A local family seeking to exit the industry sold the property to a Southeast-based regional owner-operator. The price was not disclosed.

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AcquisitionsNewsSkilled NursingWisconsin

SLIB Negotiates Sale of 104-Bed ManorCare Health Services in Appleton, Wisconsin

by Jeff Shaw

APPLETON, Wis. — Senior Living Investment Brokerage (SLIB) has arranged the sale of ManorCare Health Services in Appleton, approximately 30 miles southwest of Green Bay. The skilled nursing facility features 104 beds. The seller sought to divest of its only skilled nursing facility in the state. The buyer and price were not disclosed.

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AcquisitionsArkansasNewsSkilled Nursing

SLIB Negotiates Sale of West Memphis Health & Rehabilitation in Arkansas

by Jeff Shaw

WEST MEMPHIS, Ark. — Senior Living Investment Brokerage (SLIB) has arranged the sale of West Memphis Health & Rehabilitation, a skilled nursing facility in West Memphis, just across the Mississippi River from Memphis, Tennessee. The property features 85 beds. An Arkansas-based regional owner-operator sold the community to another regional owner-operator looking to expand in the state. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

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AcquisitionsMassachusettsNewsSkilled Nursing

Blueprint Brokers Sale of Two Skilled Nursing Facilities in Massachusetts

by Jeff Shaw

LEOMINSTER and GARDNER, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Keystone Center and Wachusett Manor, skilled nursing facilities located, respectively, in Leominster and Gardner. Both located north of Worcester near the New Hampshire border, Keystone Center is licensed for 106 beds while Wachusett Manor is licensed for 96 beds. Acquired as part of a larger portfolio transaction in 2016, the private equity owner and its operator partner decided to pursue a strategic exit. The buyer was an in-state ownership group and its operating partner, both …

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FinanceNewsSkilled Nursing

Monticello Arranges $507M Financing Package for Skilled Nursing Portfolio Acquisition in Southeast

by Jeff Shaw

NEW YORK CITY — Monticello, a New York-based lender, has arranged a total of $467 million in financing for the acquisition of a skilled nursing portfolio in the Southeast. The financing package from Monticello included $368 million in first-lien debt and $99 million in mezzanine debt. Lastly, Monticello provided a $40 million working capital loan, resulting in a total financing for the acquisition of $507 million. The borrower is an experienced skilled nursing owner-operator. Details on the properties and seller were not disclosed.

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AcquisitionsCaliforniaNewsSkilled Nursing

Ensign Group Acquires 297-Bed Skilled Nursing Portfolio in Southern California

by Jeff Shaw

SAN DIEGO, FULLERTON and HAWTHORNE, Calif. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of three skilled nursing facilities in Southern California on a triple-net lease basis. The properties include Golden Hill Post Acute, a 99-bed facility in San Diego; St. Catherine Healthcare, a 99-bed facility in Fullerton; and Camino Healthcare, a 99-bed facility in Hawthorne. This acquisition brings Ensign’s growing portfolio to 231 healthcare operations, 24 of which also include assisted living operations, across 13 states. Ensign owns 95 real estate assets.

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AcquisitionsNewsOhioSkilled Nursing

ESI Negotiates $3.5M Sale of Eden Springs Skilled Nursing in Northwest Ohio

by Jeff Shaw

GREEN SPRINGS, Ohio — Evans Senior Investments (ESI) has arranged the sale of Eden Springs Nursing & Rehabilitation, a 167-bed skilled nursing and assisted living community, for $3.5 million. Built in 1963 and 1993 in Green Springs, the facility consists of an east campus (31 skilled nursing beds and 20 assisted living units) and a west campus (120 skilled nursing beds). At the time of the sale, the community was 44 percent occupied and was losing just under $500,000 a year in net operating income. This sale, which comes to …

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AcquisitionsFloridaNewsSkilled Nursing

Blueprint Brokers Sale of 79-Bed Skilled Nursing Facility in Central Florida

by Jeff Shaw

WAUCHULA, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Hardee Manor Healthcare and Rehabilitation Center is a 79-bed skilled nursing facility, located southeast of Tampa in Wauchula. As the operator’s only facility in the state, the REIT landlord elected to exit through a strategic sale to a pre-identified buyer looking to expand its regional footprint in Central Florida.

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