29-Property Skilled Nursing Portfolio Deal Closes at $36K per Bed

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.

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Source: https://skillednursingnews.com/2024/09/29-property-skilled-nursing-portfolio-deal-closes-at-36k-per-bed

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