MedEquities to Acquire Two Skilled Nursing Facilities in Indiana for $15M

Brookville Healthcare Center Brookville Healthcare Center

BROOKVILLE and LIBERTY, Ind. — MedEquities Realty Trust (NYSE: MRT) has agreed to acquire Brookville Healthcare Center in Brookville and Whitewater Commons Senior Living Center in Liberty, both skilled nursing facilities, for $15 million.

The portfolio totals 160 licensed beds. The all-cash transaction is structured as a sale-leaseback, with the seller, Magnolia Health Systems, staying on as operator. The 15-year triple-net lease will start at a rate of 9 percent, with annual escalators.

Brookville Healthcare Center is a freestanding, single-story skilled nursing facility. The facility contains approximately 34,302 square feet and is licensed for 100 beds.

Whitewater Commons Senior Living Center is a freestanding, single-story skilled nursing facility. The facility contains approximately 19,928 square feet and is licensed for 60 beds.

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