Daniel Morris of Plains Commercial Real Estate successfully sold a 123-bed skilled nursing facility in Fort Worth, Texas. Built in 1973, the facility was owned by a regional operator that had decided to trim its portfolio. This facility didn’t fit into its portfolio but did for another regional owner/operator, which is seeking to grow its portfolio.
Mr. Morris had the facility under contract during the pandemic and worked with both the buyer and seller to get the deal across the finish line. The seller was able to keep the facility free of any major COVID outbreaks throughout the contract period, which certainly helped get the deal across the finish line.
