Chicago, IL‐ September 1, 2016‐ Cascade Capital Group, a healthcare real estate investment
firm, announces the acquisition of nine Midwest skilled nursing facilities. Purchased from a
private investment management firm, the portfolio is comprised of over 1000 beds located
in four states, with a purchase price in excess of $50 million dollars.
Cascade divided the portfolio into regions among three separate tenant operators. Through
a comprehensive vetting process, tenants were identified for their high quality care and
service standards, and paired with facilities that complement their respective operational
A complex transaction that included three separate lenders, Cascade brought the
transaction to an on‐time closing and seamless hand off to the facilities’ new operators.
This transaction continues Cascade’s robust year of acquisitions, having to date closed on
over $100 million in skilled nursing facility transactions throughout the U.S.
The Seller was represented in the transaction by Mark Myers, Charlie Hilding and Joshua
Jandris of by Institutional Property Advisors (IPA), a division of Marcus & Millichap.
CASCADE CAPITAL GROUP, LLC
Cascade Capital is a private healthcare real estate investment and management firm focused on skilled nursing, post-acute rehabilitation and transitional care facilities, as well as assisted living communities. Launched in January 2016 by the owners/operators and leadership team that built Legacy Healthcare, Cascade Capital is expanding its holdings in new markets and growing its portfolio of operators/lessees. For more information visit www.cascadellc.com.
Media Contact: Mordy Kaplan | Cascade Capital Group | 847‐745‐7000 | firstname.lastname@example.org