Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The portfolio consists of 36 skilled nursing facilities and two senior housing communities operated by Senior Care Centers, which just declared bankruptcy.
“Whether it's donating to our local church, synagogue, cancer charities or other foundations, we can all do more to help fund the organizations important to us,” says Joshua Garay.
"Buyers are extremely attracted to acquiring quality facilities with excellent access to the highways like this building on Island Avenue, which is located just off I-95,” says Jonathan Klear, senior vice president of NAI Mertz, which brokered the sale.