Check your pulse Texas! $145M buys ten skilled nursing facilitiesCheck your pulse Texas! $145M buys ten skilled nursing facilitieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105652015-09-23T05:00:00Z2015-09-23T16:00:00Z

​​​​TEXAS - GruenePointe Holdings LLC has closed on the sale and leaseback of nine Texas skilled nursing facilities (SNF) to MedEquities Realty Trust Inc. for $133.4 million, a deal structured by GruenePointe owners U.S. Freedom Capital and OnPointe Health Management.

OnPointe has agreed to lease the facilities from MedEquities for an initial term of 15 years. 

GruenePointe plans to close on a tenth SNF location in Graham, following the conclusion of standard inspections, bringing the total sales price to $145 million.

The ten skilled nursing facilities in Texas include :​
  • Brownwood: Songbird Lodge — 125 licensed beds
  • El Paso: St. Teresa Nursing & Rehabilitation Center — 124 licensed beds
  • Graham: Graham Oaks Care Center — 117 licensed beds
  • Kaufman: Sunflower Park Health Care — 92 licensed beds
  • Kemp: Kemp Care Center — 124 licensed beds
  • Kerens: Kerens Care Center — 70 licensed beds
  • Longview: Whispering Pines Lodge — 116 licensed beds
  • Mt. Pleasant: Greenhill Villas — 150 licensed beds
  • San Antonio: Casa Rio Health care & Rehabilitation — 124 licensed beds
  • San Antonio​: River City Care Center —​ 100 licensed beds​
Dallas-Fort Worth-Arlington
Senior Living
http://www.globest.com/news/12_1198/dallas/medical_office/MedEquities-Realty-Buys-TX-SNFs-for-1334M-361710-1.htmlRead more at {Source}

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