High priced in Omaha

Chris Barnet of Colliers International’s Seniors Housing Group represented the owner in the sale of their 44-bed skilled nursing facility in Omaha, Nebraska. The buyer, Carter Validus Mission Critical REIT II, paid approximately $13 million, or about $295,500 per bed, which one of the highest prices ever seen in the SNF M&A market. How can such a price be explained? Well, the facility is brand new (purpose built in 2014) and is 100% occupied. Also, all of the beds are in private units, an attractive feature for Medicare patients. The facility offers a wide range of short-term rehab services, including physical, occupational and speech therapy, as well as transitional care services, including IV therapy, medication management and wound care.


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