DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Helia Healthcare of Greenville, a 90-bed skilled nursing facility in Greenville, Illinois.
The HFF team marketed the property on behalf of the seller, Palladian Healthcare. CareTrust REITTM purchased the offering free and clear of any debt.
Helia Healthcare of Greenville is located at 400 E. Hillview Avenue approximately 50 miles northeast of downtown St. Louis via Interstate 70. The post-acute, core-plus property is the only nursing home within a 20-mile radius offering skilled nursing services, including neuromuscular disorders care, amputation care, cardiac care, nutritional support, advanced wound care and enteral nutrition. In addition to skilled nursing services, the facility also provides rehabilitation/restorative services and long-term care.
The HFF investment advisory team representing the seller included senior director David Fasano along with senior managing directors Ryan Maconachy and Chad Lavender and director Sarah Anderson.
About Palladian Healthcare: Palladian Healthcare and its affiliates operate eight skilled nursing facilities and five premier rehabilitation centers in Illinois and Missouri. The organization provides compassionate care, an unwavering commitment to customer service, and a superior level of clinical capability to its residents and guests.
About CareTrust REITTM: CareTrust REIT, Inc. is a self-administered, publicly traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 185 net-leased healthcare properties and three operated seniors housing properties in 23 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses. More information about CareTrust REIT is available at caretrustreit.com
About HFF: HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.