by Steve Monroe | Sep 14, 2018 7:01 am | Acquisitions
Quality Care Properties divested one of its HCR ManorCare-operated skilled nursing facilities in New Jersey, with Tryko Partners stepping in as the buyer. Built in 1974, the 106-bed facility is located in New Providence (Newark MSA), which will complement Tryko’s... Read More »
by Steve Monroe | Sep 14, 2018 7:00 am | Acquisitions
Maryland-based Healthcare Transactions Group just closed the 23rd senior care transaction in its home state. For an undisclosed price, the firm arranged the sale of a 118-bed skilled nursing facility in Sykesville (about 20 miles northwest of Baltimore). Formerly... Read More »
by Steve Monroe | Sep 13, 2018 12:53 pm | Developments, Financings
A not-for-profit CCRC in Sandy Spring, Maryland that has been in business since 1962 was looking to expand and obtained financing from HJ Sims to fund the project. On a 62-acre campus, the community (called Friends House) features 32 independent living units and 75... Read More »
by Steve Monroe | Sep 12, 2018 7:02 am | 60 Seconds, Opinion
The New Jersey-based skilled nursing and assisted living operator puts 33 of its properties into receivership. Not good for the lenders. I am sure you have heard by now about Atrium Health and Senior Living placing 33 of its properties into receivership this week.... Read More »
by Steve Monroe | Sep 12, 2018 7:01 am | Acquisitions
A small memory care community in the Houston, Texas area sold to Capital Square 1031, a national real estate investment and management company based in Glen Allen, Virginia. With only 16 beds and 10,000 square feet, the newly constructed community was previously owned... Read More »