Through its affiliate, Bridgestone Living, The Ensign Group acquired both the real estate and operations of two 37-unit assisted living communities in Texas, bringing the company’s total portfolio to 232 properties. Located in the Dallas suburbs, the two communities combine for 78% occupancy, which may not be all that low in the over-developed Dallas market.
Ensign, which owns other assisted living and skilled nursing properties in the area, will look to use economies of scale to improve operations. With the deal, Ensign now owns the real estate at 65 of its 232 skilled nursing and assisted living properties, a strategy it is looking to continue.
