Forest Healthcare Properties facilitated the sale of a 106-bed skilled nursing facility in Auglaize County, Ohio, that was built in 1984 and was 85% occupied. The seller was a real estate investment firm looking to exit the state, and the buyer was CareCore Health, which has nine other healthcare properties in Ohio and was looking to expand. Multiple offers were received.
Forest additionally helped facilitate a transaction involving a Kentucky skilled nursing portfolio. The portfolio features over 1,000 beds, and the facilities were well-positioned with strong in-place cash flow in this off-market transaction. Both parties involved were large companies, one with a footprint in the state and one with a footprint in several other states that was looking to enter Kentucky. Jeffrey Vegh and Joe Schiff of Forest handled both transactions.
