Newmark Knight Frank sold a portfolio of six skilled nursing facilities in Arkansas earlier this month on behalf of CNL Healthcare Properties. There was a total of 868 beds, and according to CNL’s SEC filing, the reported price was $55 million, or $63,400 per bed.
The facilities were built in the 1980s and 1990s and average occupancy was near 83% to 84%. An affiliate of Capital Health Group was the operator. An East Coast-based owner with operations already in Arkansas was the purchaser. Dave Fasano and Ross Sanders of Newmark Knight Frank handled the transaction.
