Following a busy 2019 with five announced acquisitions, O&M Investments just announced its third off-market transaction of 2020. The deal included a 124-bed skilled nursing facility in Hanford, California, which was acquired at a 12% cap rate (although no purchase price was disclosed).
The facility underwent a full remodel three years ago, and occupancy consistently hovered around 90% across its 91 operational beds. O&M assumed the existing lease with the operator.
