NEW YORK CITY—The transaction does not involve the sale of the real estate, solely the operations of the seven nursing home properties that contain 1,456 licensed beds. The individual properties’ real estate is owned collectively by an unnamed real estate investment trust, an IPA official told Globest.com.
The real estate advisory firm states the portfolio was 100% occupied at the time of the sale and traded for a total value of $2.755 million.
DETROIT-Apartment dwellers have nearly filled the 6,000 downtown apartments, and new development is spreading beyond the CBD.
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