O&M Investments Acquires California Skilled Nursing Facility

March 13, 2020, Ben Swett, SeniorCare Investor - Following a busy 2019 with five announced acquisitionsO&M Investments just announced its third off-market transaction of 2020.  The deal included a 124-bed skilled nursing facility in Hanford, California, which was acquired at a 12% cap rate (although no purchase price was disclosed).

The facility underwent a full remodel three years ago, and occupancy consistently hovered around 90% across its 91 operational beds.  O&M assumed the existing lease with the operator.