Carnegie Capital’s joint venture with Evans Senior Investments has produced an acquisition financing for a 258-bed skilled nursing portfolio in north-central Texas. Each facility is between 50 and 55 years old, under 25,000 square feet and averages an occupancy rate of 51%. The entire portfolio is enrolled in the QIPP program.
Carnegie secured $6.55 million for three facilities, which had a $7.7 million price tag, or $30,000 per bed. The financing has a two-and-a-half-year term with an interest-only rate in the 7s. Evans Senior Investments did not broker the sale but did have the relationship with the sponsor.
