Two People Hands With Money

Priority portfolio

CareTrust REIT picked up a portfolio of skilled nursing facilities in the Dallas-Fort Worth area, adding a new tenant relationship in the process. Priority Management Group will take over operations, under a master lease agreement with CareTrust, at four recently built (or recently renovated) skilled nursing facilities that total 540 skilled nursing beds and 28 […]

 

 

Businessman attracting money with a horseshoe magnet concept for

Divest in the Southwest

A joint venture between Westport Capital Partners and Integro Healthcare Consulting is swapping two seniors housing assets located in the Southwest. First, in Santa Fe, New Mexico, the JV is selling a 99-unit independent living/assisted living community with a checkered past to Sabra Health Care REIT for $22 million, or about $220,000 per unit. In […]

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Brad brokers in Birmingham

When faced with the option of expanding its 45-unit assisted living community in Trussville, Alabama (Birmingham MSA), or exiting the industry altogether, a local owner/operator chose the latter, at a price of $4.5 million, or $100,000 per unit, with a 7.4% cap rate. Indeed, the owner had already completed initial planning for a Phase II […]