Plains Commercial arranged the lease of Davis West Nursing Home, a 177-bed skilled nursing facility in Pine Bluff, Arkansas. Daniel Morris of Plains was engaged to market the facility on a confidential basis at the request of the landlord. The exiting operator is a not-for-profit that made the decision to exit the SNF operating business. The facility was also suffering from a depressed census which had not fully recovered from the pandemic. So, it offered a new operator significant upside through further lease-up and operational changes.
After the bidding process, the landlord chose to engage with a Chicago-based operator, which is taking on its first facility in Arkansas with this lease. The parties worked collaboratively during the transfer process to facilitate a smooth closing and transition to the new operator.
