Senturian Senior Housing Brokerage adds to the November 2016 senior housing transactions with a $120 million acquisition of 12 skilled nursing facilities and one personal care home in Eastern Kentucky. Owned by a Kentucky-based operator, the portfolio totals 1,177 skilled nursing beds and 62 personal care beds. Built on average 22 years ago, the facilities were well maintained and well managed (with 93% occupancy and approximately $14 million in EBITDARM) by a management team that will remain in place. Rosemont Healthcare Group was the buyer, paying an above-average $96,850 per bed for the facilities. Watson McCollister of Senturian Senior Housing Brokerage represented the seller in the transaction.

See the full article here.