A 108-bed, 64-room nursing home in Windsor recently sold for $5.35 million to a New Jersey-based nursing home operator with a rapidly growing portfolio.<\/p>\n
In a deed recorded Nov. 4, Brooklyn, New York-based Rina Properties LLC sold the 34,612-square-foot, 1965-vintage nursing home building on 8.7 acres at 581 Poquonock Ave. to a limited liability company affiliated with Autumn Lake Healthcare, a Howell, New Jersey-based nursing home operator.<\/p>\n
The property last sold for $3.4 million in 2018.<\/p>\n
The principal of the buying LLC is Mark Schwartz, of Monsey, New York. Schwartz is also chief operating officer for Autumn Lake, according to a press release issued in October.
\nRaleigh, North Carolina-based First Citizens Bank announced in October that it provided $338 million in financing to Autumn Lake affiliates for the acquisition of 12 skilled nursing homes in Maryland.<\/p>\n
At the time, Autumn Lake\u2019s network included 66 skilled nursing facilities with more than 8,200 beds in Connecticut, Maryland, New Jersey, Wisconsin and West Virginia, according to the release.<\/p>\n
An attempt to reach an Autumn Lake representative Wednesday morning was not immediately successful.<\/p>\n
The limited liability company that recently acquired the Windsor nursing home also secured a $6.3 million mortgage on the property from New Jersey\u2013based Amboy Bank. The mortgage was recorded on Nov. 4<\/p>\n","protected":false},"excerpt":{"rendered":"A 108-bed, 64-room nursing home in Windsor recently sold for $5.35 million to a New Jersey-based nursing home…\n","protected":false},"author":2,"featured_media":355256,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[16349,97,252,253,16350],"class_list":["post-355255","post","type-post","status-publish","format-standard","has-post-thumbnail","category-health-care","tag-hbj-today-featured","tag-health","tag-health-care","tag-healthcare","tag-home-page-featured"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/355255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=355255"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/355255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/355256"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=355255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=355255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=355255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}