Nationwide Health Properties Inc., a Newport Beach owner and investor in healthcare real estate, has bought six nursing home buildings in New York state for $100 million, according to the Buffalo News.
Buffalo, N.Y-based McGuire Group sold the buildings to Nationwide. Five are in western New York state, while one is on Long Island.
Nationwide owns various types of healthcare properties, with the majority of those senior communities that offer their residents help with daily living tasks. Just over 200 of those are nursing homes for sick or injured patients.
Medical office buildings, continuing care retirement communities and specialty hospitals are also part of the Nationwide portfolio.
McGuire Group is going to lease the properties back from Nationwide and continue to operate them.
The nursing home operator had talked to “numerous” real estate investment trusts and was introduced to Nationwide by a “mutual friend,” Chief Executive James McGuire told the Buffalo News.
Before the McGuire deal, Nationwide owned 637 properties valued at $4.9 billion in 43 states.
