REBusinessOnline

CareTrust Buys Two Skilled Nursing Facilities in Montana for $16.5M

HELENA AND CLANCY, MONT. — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired two skilled nursing facilities in an off-market transaction.The first property is Apple Rehab Cooney, an 80-bed facility located on the campus of the St. Peter’s Health Regional Medical Center in Helena. The second is Elkhorn Healthcare & Rehabilitation, a 70-bed facility located in neighboring Clancy.National skilled nursing operator Eduro Healthcare will manage the communities. The transaction was …

Bellwether Enterprise Closes $294.2M in Financing for 22 Manufactured Housing Communities Nationwide

DENVER — Bellwether Enterprise Real Estate Capital has closed four transactions totaling $294.2 million in Fannie Mae loans for manufactured housing communities across the United States. MJ Vukovich of Bellwether’s Denver office, along with Ghazy Grijalva of the firm’s Chicago office, arranged the deals.In total the financing covers 5,554 pad sites across the five transactions. The deals include:A $28 million loan for two manufactured housing assets located in Montana on behalf …

Blueprint Directs Sale of 338-Bed Skilled Nursing Portfolio in Montana

MONTANA — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 338 beds in Montana.The seller is a national operator that was looking to leave the state to focus on other markets. The undisclosed buyer assumed the seller’s HUD debt against the properties.The price and locations of the facilities were not

Newmark Knight Frank Arranges $27.5M Sale of Gallatin Center Retail Asset in Bozeman, Montana

BOZEMAN, MONT. — Newmark Knight Frank has arranged the sale of Gallatin Center, a shopping center in Bozeman. Revesco (USA) Properties acquired the property from Gallatin TR for $27.5 million.Paul Sleeth, Billy Sleeth and Patrick Allen of Newmark Knight Frank represented the seller in the transaction.Situated on the southwest quadrant of Interstate 90 and North 19th Street, Gallatin Center is occupied by Ross Dress for Less, Michaels, Bed Bath & Beyond, PetSmart and

Berkadia Negotiates Sale of, Financing for 81-Room TownePlace Suites in Montana

WHITEFISH, MONT. — Berkadia’s Hotels & Hospitality team has arranged the sale and financing of TownePlace Suites Whitefish Kalispell, an all-suite hotel in Whitefish. Scottsdale, Ariz.-based Glacier House Hotels sold the asset to Venture Hospitality for an undisclosed price.Matt Bailly and Spencer Scott of Berkadia represented the seller, while Adrienne Kautzman, also of Berkadia, secured financing for the buyer in the deal. The 10-year, fixed-rate loan features a 60 percent …

SSG Realty Partners Brokers Sale of Westwood Plaza Shopping Center in Montana

GREAT FALLS, MONT. — SSG Realty Partners has arranged the sale of Westwood Plaza, a retail center located along the Northwest Bypass in Great Falls, for an undisclosed price.Originally developed as a Pay ‘N Save and Ernst Home Center, the 70,000-square-foot shopping center was renovated in recent years. The current tenant mix includes ULTA Beauty and TJ Maxx.Greg Swedelson and Jon Eric Greene of SSG Realty Partners represented the seller and undisclosed buyer in the

Immanuel Lutheran Communities Finishes Independent Living Addition to CCRC in Montana

KALISPELL, MONT. — Immanuel Lutheran Communities has completed a 58,000-square-foot independent living expansion at its continuing care retirement community in Kalispell, which it claims as the only continuing care retirement community (CCRC) in Northwest Montana.Known as The Villas at Buffalo Hill, the project added 36 units to the larger community. A grand opening will be held Saturday, Nov. 3."We have been expanding and renovating in phases over the last few years, including the …

Newmark Arranges $11.8M Refinancing for Apartment Community in Bozeman, Montana

BOZEMAN, MON. — Newmark has secured $11.8 million in permanent financing for Creekside Apartments in Bozeman. The new apartment building includes 72 residential units. Demetri Koston of Newmark's Spokane, Wash., office arranged the financing for the undisclosed borrower. The non-recourse loan features five years of interest-only payments followed by a 30-year amortization

ESI Negotiates $5.7M Sale of 98-Bed Skilled Nursing Facility in Montana

BUTTE, MONT. — Evans Senior Investments (ESI) has arranged the sale of Copper Ridge Health & Rehab Center, a 98-bed skilled nursing facility in Butte, for $5.7 million.Built in 1975, the facility underwent a significant renovation in 2008. The facility operates with 98 functional beds but is licensed for 186 beds.ESI represented the seller, an independent owner-operator. The buyer was a publicly traded healthcare REIT.Eduro Healthcare, a regional operator in the Wisconsin, …

Campus Advantage to Manage 498-Bed Community Near the University of Montana

MISSOULA, MONT. — Campus Advantage has been awarded management of ROAM, a 498-bed student housing community currently under development near the University of Montana in Missoula.The property is the first purpose-built student housing complex to serve the University of Montana, according to Campus Advantage. Shared amenities will include a bike and ski tuning shop, outdoor kitchens with grilling stations, a fire pit and an expansive fitness center. Austin-based Catalyst will also manage …

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