Granite Investment Group (Irvine, Calif.) has acquired five skilled nursing facilities in South Texas via two separate off-market transactions, expanding its portfolio of senior care facilities to 4,442 licensed beds.
The five properties total 684 beds, with four of the properties built within the past three years. They will be leased to Dallas-based Senior Care Centers LLC, one of the largest skilled nursing home operators in Texas.
The facilities collectively offer long-term care, respite services, short-term therapy, ventilator care, open and closed tracheotomies, dialysis, orthopedic and stroke/cardiac recovery, a re-hospitalization reduction program and wound care.
