Daniel Morris of Plains Commercial Real Estate arranged the off-market sale of a 124-bed skilled nursing facility in Duncanville, Texas, that was owned by a partnership of local investors. The building was leased to a national operator, which has managed the facility since its construction in 2009. The asset sold six weeks after execution of the purchase and sale agreement, with a long-term lease in place with the current operator. The Texas Broker of Record was DuWest Management Services, Inc.
The Ensign Group announced that it acquired the real estate of Duncanville Healthcare and Rehabilitation Center through a subsidiary of Standard Bearer Healthcare REIT. This facility also comprises 124 beds in Duncanville, and Ensign noted that it will be managed by a third-party operator and is subject to a long-term triple net lease.
In a separate transaction on that same day, Ensign acquired the real estate of Timber Springs Transitional Care in Boise, Idaho, through a subsidiary of Standard Bearer. The 120-bed SNF will be managed by Pennant Healthcare LLC, an Ensign-affiliated tenant.
These acquisitions bring Ensign’s portfolio to 348 healthcare operations (44 senior living operations) across 17 states. Ensign subsidiaries, including Standard Bearer, own 146 real estate assets. The company is continuing to look for opportunities to acquire real estate and lease to both well-performing and struggling skilled nursing, senior living and other healthcare-related businesses throughout the United States.
