Grubb & Ellis Healthcare REIT II is acquiring Southern Skilled Nursing Facility portfolio for $166.5 million, Senior Housing News reports. The portfolio includes 10 skilled nursing facilities in Alabama, Georgia, Louisiana and Tennessee.
The transaction is likely to close in the next 30 days to 60 days, adds GlobeSt. The properties are master leased through 2026 by Wellington Healthcare Services, a provider of skilled nursing and rehabilitation services.
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