Skip to Main Content
  • About Us
  • People
  • Capabilities
  • News & Insights
  • Events
  1. Insights
  2. Experience

$92M Acquisition of Multi-facility Skilled Nursing Homes in New Jersey and Pennsylvania

June 01, 2018

Lawyers

Scott Gerard Headshot
Scott M. Gerard

Partner

203.324.8195

sgerard@goodwin.com
  • -

Represented lead lender, collateral and administrative agent in $92 million multi-facility acquisition with skilled nursing homes in New Jersey and Pennsylvania using unique structure of collateral whereby in addition to mortgages on PROPCO facilities, the unaffiliated OPCO collateralized its operating lease and all assets to PROPCO, which lease included financial covenants (including a minimum rent coverage ratio test). This lease was then assigned to the administrative agent among other collateral.

Keep in Touch

Stay current with our latest insights

Manage Subscriptions
  • Lawyers
  • Capabilities
  • Events
  • Diversity, Equity and Inclusion
  • Pro Bono and Community
  • Blogs and Resource Centers
  • Insights
  • Podcasts
  • Dobbs Decision Resource Center
  • About Us
  • Careers
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Accessibility Statement

© Shipman & Goodwin LLP 2025. All Rights Reserved