Skilled Nursing News September 23, 2024
More than two-dozen skilled nursing facilities in Iowa are under new ownership, following the closing of a historic transaction this month.
The sale is the largest SNF deal ever recorded in The Hawkeye State, according to Marcus & Millichap, which closed the transaction.
ABCM sold its skilled nursing and assisted living assets to Chicago-based private equity firm Cascade Capital Group at $36,000 per bed, after deciding to exit the senior care market, according to a statement from Marcus & Millichap. The portfolio is made up of 29 properties, with 2,346 SNF beds and 326 assisted living units. That puts the overall acquisition at roughly $85 million.
The ABCM properties were marketed amid an evolving debt landscape before eventually going under...
Today's Sponsors
Today's Sponsor