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Md. health care REIT invests $200M in Ind. nursing facilities

(Lisa F. Young / Depositphotos.com)

(Lisa F. Young / Depositphotos.com)

Omega Healthcare Investors Inc., a real estate investment trust based in Hunt Valley that focuses on long term care, on Tuesday announced $200 million in new investments in Indiana.

On Aug. 31, Omega bought 15 skilled nursing facilities in Indiana, with roughly 2074 beds, for about $190 million from two unrelated third parties, then leased the facilities to an operator. At the same time, Omega took out a $9.4 million loan to buy the leasehold interest in a 135-bed Indiana skilled nursing facility that has the same operator.

Omega is also evaluating more than $200 million of property sale opportunities that could close over the next nine to 12 months.

Additionally, the company provided an update about its 32 facilities in Texas and Louisiana which were in the path of Hurricane Harvey. Two of its facilities along the Sabine River were evacuated. The facilities appear to have relatively little damage, the company said.

 


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