BRICK, NJ—Locally-based Tryko Partners LLC hasadded five skilled nursing facilities in Massachusetts to itsportfolio. The two acquisitions and lease deal for three moreproperties with Chicago-based Ventas, Inc. adds470 beds to its growing portfolio.

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The three facilities leased by Tryko from healthcare REIT Ventaswill continue to be operated by Tryko. The deals now bring thecompany's skilled nursing bed assets to more than 2,000 in thestate of Massachusetts. No financial terms of the purchase andlease transactions were released. Financing for the two propertyacquisitions was provided by The PrivateBank.

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"These properties are a great addition to our skilled nursingportfolio,” says Uri Kahanow, director ofacquisitions for Tryko Partners. “We have been building our seniormanagement team with seasoned operations, financial and marketingprofessionals with the goal to take on portfolios of assets. Today,we have the people and resources in place to grow exponentially.This is an exciting time for our company.”

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The acquired properties include the 88-bed Hammersmith HouseNursing Care Center in Saugus, MA, which will be renamedChestnut Woods Rehabilitation and HealthcareCenter; and the 87-bed Hillcrest Nursing andRehabilitation Center in Fitchburg, Ma, which will be renamedValley Stream Rehabilitation and HealthcareCenter.

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Ventas-owned properties to be operated by Tryko include the132-bed Blueberry Hill Skilled Nursing and RehabilitationCenter in Beverly, MA; the 82-bed River TerraceRehabilitation and Healthcare in Lancaster, MA; and the81-bed Oak Wood Rehabilitation and Nursing Center in Webster, MA,which will be renamed Brookside Rehabilitation andHealthcare Center.

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Last fall, Tryko acquired the Brentwood Rehabilitation andHealthcare Center in Danvers, MA from Ventas.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.