Strawberry Fields REIT Enters Arkansas Market

Strawberry Fields REIT entered the state of Arkansas in a big way, acquiring nine skilled nursing facilities in the state from one seller, plus one Kentucky facility from another. Totaling 1,004 beds, the facilities were owned by The Skyline Group, which acquired them from AdCare Health Systems, Inc. in October 2016 for $55 million, or […]

AdCare Adds Alabama Assisted Living Community

In the midst of a turbulent Spring when AdCare Health Systems‘ board fired its CEO, Bill McBride for embellishing his resume (he said he received an MBA from UCLA, but apparently, he didn’t), the company still managed to add one more assisted living community to its now-30-property portfolio. Closing its first acquisition since it become […]

Sunwest still in the news

Continuing the Sunwest saga, Omega Communities purchased a 104-unit assisted living community in Hoover, Alabama that was a Sunwest property from 2006 to 2010. When the company filed for bankruptcy protection, the lender foreclosed and then sold it to an individual investor, who issued bonds to finance the acquisition. AdCare Health Systems guaranteed the bonds, […]