Links Healthcare Group announced the purchase of two seniors housing communities in San Jose, California. The first purchase was of a skilled nursing facility by the name of Westwood Post-Acute comprising 268 beds. Link’s second acquisition was Westgate Villa Assisted Living comprising 60 units, but both properties sit adjacent to each other.
The seller of the two communities was listed as entities affiliated with Stamm Care Homes. Links previously operated the facilities under a lease and had a purchase option for the two buildings. Forbright Bank provided a $38.5 million acquisition loan for Links Healthcare Group to finance the purchase, according to public records.
