by Julia DiRubbo | Aug 3, 2021 4:56 pm | Acquisitions
Blueprint Healthcare Real Estate Advisors’ Ben Firestone and Michael Segal recently facilitated the sale of Magnolia Manor, a skilled nursing facility in Inman, South Carolina. Built in 1967, Magnolia has 176 beds, which represents over 40% of the total licensed beds... Read More »
by Julia DiRubbo | Aug 3, 2021 3:51 pm | Acquisitions
The Ensign Group and CareTrust REIT have teamed up to acquire the real estate and operations of two skilled nursing facilities in the Austin, Texas metropolitan area. CareTrust purchased the facilities for $32.5 million, or about $135,000 per bed, while The Ensign... Read More »
by Julia DiRubbo | Jul 30, 2021 4:18 pm | Financings
Walker & Dunlop Managing Director Kevin Giusti and Senior Analyst Brian Neal recently originated $37.47 million in financing for four assisted living and memory care facilities: Bloom at Bluffton in Bluffton, South Carolina; Bloom at Hilton Head in Hilton Head,... Read More »
by Julia DiRubbo | Jul 30, 2021 3:07 pm | Acquisitions
The Mogharebi Group (TMG) has closed its second seniors housing sale in a week, despite being mostly focused on the multifamily investment sales market. Last week, the firm arranged the sale of an independent living community in San Bernardino, California. This week,... Read More »
by Julia DiRubbo | Jul 29, 2021 1:58 pm | Financings
Cornerstone Healthcare Group Holdings Inc. and its long-term acute care hospital segment recently received $100 million in financing from CIT Group Inc.’s Healthcare Finance business. The funds will be used to refinance existing debt, meet working capital... Read More »