by Steve Monroe | Nov 1, 2018 3:24 pm | Acquisitions
A couple of value-add skilled nursing facilities sold in Arkansas with the help of Ben Firestone, Michael Segal and Brooks Blackmon of Blueprint Healthcare Real Estate Advisors. Previously owned by a publicly-traded REIT, the facilities are located on opposite sides... Read More »
by Steve Monroe | Oct 31, 2018 7:02 am | Opinion
As skilled nursing facilities look to the future, competing with LTACs and IRFs must be on the agenda, which will help to increase values. If you own, operate, lend to or want to invest in a skilled nursing facility, our webinar tomorrow is the one you just can’t... Read More »
by Steve Monroe | Oct 31, 2018 7:01 am | Acquisitions
A tenant bankruptcy brought in a new operator and ultimately a new owner at a 198-bed skilled nursing facility in Alabaster, Alabama. Originally built in 1972, this SNF was historically above 90% occupancy with cash flow exceeding $1.5 million. However, licensure... Read More »
by Steve Monroe | Oct 31, 2018 7:00 am | Financings
Capital Funding Group (CFG) pulled out all the stops for its latest transaction. It involved Vantage Point Capital’s acquisition of five skilled nursing facilities in Ohio, which Crown Healthcare Group leased concurrently on an arm’s length basis. CFG’s Tim Eberhardt... Read More »
by Steve Monroe | Oct 30, 2018 12:22 pm | Acquisitions, Financings
A large skilled nursing portfolio in New Jersey sold thanks to financing provided by two of Monticello Asset Management’s investment vehicles. The $69 million bridge financing is comprised of $65 million in first lien debt and a $4 million working capital loan, which... Read More »