Always a prolific buyer, The Ensign Group is keep up its steady pace of acquisitions in 2017, most recently adding two more communities in Colorado to its portfolio. Already this year, the firm has bought several properties in Texas and Wisconsin, four in Utah and one each in Iowa and Nevada.
Now, in Colorado, Ensign purchased two CCRCs: a large 64-acre campus in Thornton with 134 skilled nursing beds, 198 independent living units and 35 assisted living units and a community in Colorado Springs with 60 skilled nursing beds, 64 IL units and 44 AL units.
Previously operated by a faith-based not-for-profit, CHI Living Communities, we imagine the properties could improve their operations. At the time of the sale, they had a combined 76% occupancy rate. Ensign’s Colorado-based operating subsidiary, Endura Healthcare, will take over management of the communities. Jay Miele and Brady Stern of Hammond Hanlon Camp LLC represented the seller in the transaction.
