Fengate Asset Management (Fengate) is pleased to announce financial close on the acquisition of two operating inpatient rehabilitation facilities (IRFs) in Georgetown, Delaware and Tavares, Florida. The 34-bed Georgetown IRF started operations in 2022 and the 42-bed Tavares facility in 2023. The acquisition brings the firm’s social infrastructure portfolio to 45 assets and total beds to more than 4,900. Fengate is managing this investment on behalf of the Fengate Infrastructure Yield Fund and its affiliated entities, including an investment by the LiUNA Pension Fund of Central and Eastern Canada.
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Source: https://www.globenewswire.com/news-release/2024/11/05/2974866/0/en/Fengate-Asset-Management-announces-financial-close-on-two-U-S-healthcare-facilities.html