{"id":1004020903,"date":"2010-06-11T10:01:32","date_gmt":"2010-06-11T18:01:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004020903"},"modified":"2022-12-08T23:50:23","modified_gmt":"2022-12-09T07:50:23","slug":"omega-buys-63-long-term-care-facilities-with-293m-price-tag","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/omega-buys-63-long-term-care-facilities-with-293m-price-tag\/","title":{"rendered":"Omega Buys 63 Long-Term Care Facilities with $293M Price Tag"},"content":{"rendered":"<p>June 11, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<p>Omega Healthcare Investors Inc. said Thursday that it has continued to expand its portfolio through the addition of 63 long-term care facilities from affiliates of CapitalSource Inc. The properties were purchased for $293 million in cash.<\/p>\n<p>The 63 facilities comprise 6,607 available beds in 19 states and are part of 30 in-place triple-net leases among 18 operators. The leases generate about $34 million in annualized revenue.<\/p>\n<p>Last December, Omega acquired 40 CapitalSource facilities for an aggregate purchase price of $294 million and also agreed to buy another 40 facilities for an aggregate purchase price of $270 million. That includes the assumption of a $204 million debt guaranteed by the U.S. Department of Housing and Urban Development along with other financing sources. <\/p>\n<p>Omega invests in and provides financing to the long-term care industry. As of the end of the first quarter, the company owned or held mortgages on 293 skilled nursing facilities, assisted living facilities and other specialty hospitals with approximately 34,279 licensed beds located in 32 states and operated by 35 third-party healthcare operating companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 63 facilities comprise 6,607 available beds in 19 states and are part of 30 in-place triple-net leases among 18 operators. The leases generate about $34 million in annualized revenue.<\/p>\n","protected":false},"author":936,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37774,37775,21754,21742,37776,37777,37778],"tags":[],"class_list":["post-1004020903","post","type-post","status-publish","format-standard","hentry","category-rc-dividend-yield","category-rc-forward-affo-payout-ratios","category-medical-office","category-latest","category-rc-premium-discount-to-nav","category-rc-price-ltm-ffo","category-rc-total-return"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Omega Buys 63 Long-Term Care Facilities with $293M Price Tag - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/omega-buys-63-long-term-care-facilities-with-293m-price-tag\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Omega Buys 63 Long-Term Care Facilities with $293M Price Tag\" \/>\n<meta property=\"og:description\" content=\"The 63 facilities comprise 6,607 available beds in 19 states and are part of 30 in-place triple-net leases among 18 operators. 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