![]() Occupancy at the time of closing was approximately 95%.Ī $10.4 million bridge loan was also secured for a repeat client in a separate transaction to refinance existing HUD debt and cover approximately $3.6 million of capital expenditures for a 105-bed skilled nursing facility located in Yakima, Wash. The property reportedly contains all private rooms and caters to individuals in need of short-term rehab. The deals included $14.45 million in Department of House and Urban Development (HUD) refinancing on a 40-bed, Medicare-only skilled nursing facility located in Sacramento, Calif. Berkadia Arranges $47M in Financing for Five SNFsīerkadia Seniors Housing & Healthcare last month secured $47 million in financing for five skilled nursing facilities across the country. SLIB’s Matthew Alley handled the transaction. SLIB ran a national, confidential market for this offering, receiving multiple offers from both regional and national buyers to purchase this community. The seller is reportedly a regional owner-operator looking to consolidate its portfolio, while the buyer, a regional owner-operator based in Chicago, is looking to expand their portfolio in Texas. The portfolio offers 466 total skilled nursing beds and is located between San Antonio and Houston, all within 70 miles of each other. Senior Living Investment Brokerage facilitated the $39 million sale of four skilled nursing facilities spread across Texas. Occupancy was 80% across the portfolio during marketing, with $40,700,000 of revenue and a 5% net operating income margin.ĮSI ran a selective and confidential marketing process ultimately securing Eagle Arc Partners, an institutional buyer, in just three weeks.ĮSI represented the seller, an independent owner/operator in their exit from the long-term care industry. The portfolio totaled 384 licensed skilled nursing beds – 359 functional beds - and all three communities are located within 10 miles of downtown Boston. ESI Helps Sale of Massachusetts Skilled Nursing Portfolio for $42.5MĮvans Senior Investments announced the sale of three skilled nursing facilities for an independent owner/operator for a purchase price of $42.5 million or $111,000 per functional bed/unit. The acquisition was funded using cash on hand, according to the release. With the four-year extension of the initial term, the CareTrust master lease with Eduro has a remaining initial term of approximately 12 years. “Eduro has proven over the past few years that their model of patient centered care and extreme focus on facility culture produces great results for their residents and staff.” “We’re elated to expand our relationship with the Eduro team,” Dave Sedgwick, CareTrust’s CEO and president, said in the news release. ![]() The initial term of Eduro’s master lease was also extended by four years in connection with the transaction. The acquisition increases CareTrust’s relationship with Eduro to nine facilities Eduro’s annual rent under their master lease will increase by $815,000.
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