Daniel Morris of CBRE has sold a skilled nursing facility in Miami, Oklahoma, working on behalf of the West Coast-based investor seller in the transaction. This 100-bed facility was just 51% occupied despite having a high-quality physical plant. It was also built 20 years ago, which although isn’t new also isn’t too old in the SNF market.
So, with an eye to improve the facility’s census and operations, a regional operator with existing facilities in the area brought this location into its portfolio, for an undisclosed price.
