Skilled Nursing

ANNAPOLIS, Md. — Despite a severe flu season that should’ve put more patients into skilled nursing facilities, occupancy in the sector continued its years-long decline in fourth-quarter 2017, according to the National Investment Center for Seniors Housing and Care (NIC).

GRAND RAPIDS, Mich. — CareTrust REIT Inc. (NASDAQ:CTRE) has acquired a 464-bed, five-property skilled nursing portfolio in the Grand Rapids metro area for $41.5 million.

ALEXANDRIA, Va. —Avison Young has arranged the sale of the Mt. Vernon Nursing & Rehab Center, a 45,654-square-foot skilled nursing facility in the Washington, D.C. suburb of Alexandria, for $13 million.

BLOOMSBURG, Pa. — Evans Senior Investments has arranged the sale of Bloomsburg Rehab & Wellness Center, a 66-bed skilled nursing facility, for $7.2 million.

SYRACUSE, N.Y. — Arbor Realty Trust Inc. (NYSE: ABR), a real estate investment trust and direct lender, has provided a $41.7 million bridge loan for the acquisition of James Square Health and Rehabilitation Center, a 440-bed skilled nursing facility in Syracuse.