Healthcare Facilities

Our real estate department works closely with healthcare providers on real estate transactions for skilled nursing homes and assisted living facilities. We handle all aspects including sales, acquisition, financings (including HUD financing, Accounts Receivable financing, bridge financing), leasing/management agreements, operation transfer agreements and billing services agreements.

• Represented Millennium Management, LLC, a large Miami based owner and manager of skilled nursing facilities in the acquisition of a large portfolio of nursing homes, comprised of 19 facilities located throughout Florida and containing 2,088 beds. Our real estate lawyers also handled the subsequent refinancing of most of the portfolio in the largest HUD-financed nursing home loan transaction since 2005 and the largest HUD financing of skilled nursing facilities since the adoption of the new HUD LEAN program.
• Represented the controlling member of a joint venture based in Miami, Florida in the acquisition of three skilled nursing facilities in Florida having a total of 480 licensed beds. The purchase price for this acquisition was in excess of $35,000,000 and the purchase was financed in part by a loan made by Regions Bank as a bridge to HUD-insured financing. Each of the acquired facilities was net leased to a different operator and our firm also handled the drafting and negotiating of all such net leases.
• Represented a New York-based health care venture in the acquisition and financing of two assisted living facilities in Florida. Subsequently, our firm also was able to assist the client with the transition of these facilities to a new operator and associated negotiations with one of the senior lenders.