California-based provider The Ensign Group, Inc. (NASDAQ:ENSG) is expanding its reach in the Midwest through the acquisition of 15 assisted living operations located throughout Wisconsin, the company announced Monday. The communities comprise the entirety of Menomonee Falls, Wis.-based Harmony Living Centers, LLC’s portfolio. As part of the transaction, Ensign assumed a long-term master lease from […]
The Ensign Group
The Ensign Group Makes Moves Nationwide In separate announcements, The Ensign Group, Inc. (NASDAQ:ENSG) — the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies — acquired 10 skilled nursing and assisted living operations in Arizona, the operations and real estate of a skilled […]
Armed with a five-year, $5 billion development pipeline, it is clear that developer Mainstreet is betting big on its vision to transform the traditional post-acute skilled nursing facilities of days past. But this quest is not one the company is undertaking alone. The Carmel, Ind.-based Mainstreet has entrusted few operating partners with carrying out its […]
Berkshire Closes Fund to Invest in Senior Housing, Other Sectors Boston, Massachusetts-based Berkshire Group, a real estate investment management company, has announced the closing of a $161.5 million venture investment vehicle that will target senior housing as well as other real estate sectors. The BRV Partners Fund I seeks to invest in growing, high-potential real […]
American Healthcare REIT III Completes $350 Million in Acquisitions in Q1 American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced recently that the real estate investment trust (REIT) completed the acquisition of 18 health care properties in 11 states, as well as a collateralized debt instrument, for an […]
Capital One Bank Closes $5.7M FHA Loan to Refinance Ill. SNF Capital One Multifamily Finance provided a $5.7 million fixed-rate, HUD 232/223(f) loan to refinance a 144-bed skilled nursing facility in northern Illinois. The property was built in 1972, with additions in 1988 and 1993. The key principals are owners and operators […]
The Ensign Group Acquires Colo. Post-Acute Care Campus The Ensign Group, Inc. (Nasdaq:ENSG) acquired Riverwalk Post-Acute and Rehabilitation, a 60-bed skilled nursing operation; Rock Canyon Respiratory and Rehabilitation Center, an 81-bed skilled nursing operation with a subacute unit; and the Villas at Rock Canyon, a 17-bed independent living and assisted living operation. Each of these […]
CareTrust REIT Acquires Minn. Memory Care Facility for $7.2 Million CareTrust REIT, Inc. (Nasdaq:CTRE) acquired Prelude at Woodbury, an upscale memory care facility in Woodbury, Minn., a Minneapolis suburb, for $7.2 million. The transaction was a sale-leaseback with Prelude Homes & Services, LLC, which developed the 30-bed facility in 2011 and has operated it since […]
With already 11 acquisitions announced this year, California-based provider The Ensign Group, Inc. (Nasdaq: ENSG) isn’t slowing down on its purchase spree, announcing plans Monday to buy nearly the entire portfolio of one San Diego provider’s operations. The company—also the parent entity of the Ensign group of skilled nursing, assisted living, rehabilitative care, home health care, hospice […]
Ide Management Group Sells Portfolio for $63 Million Ide Management Group has sold its portfolio of 19 communities located in Indiana and Iowa to a Midwest owner/operator for $63 million. The total portfolio included 1159 skilled nursing beds. Overall occupancy is 80% with approximately 12% Medicare and 10% private pay. A couple of the communities […]
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