CASE STUDY PARTNERED RIGHT An experienced owner and operator of skilled nursing and senior living properties (“Borrower”) reached an agreement to acquire the fee simple interest in a skilled nursing facility (the “Fee Simple Facility”) and a long- term leasehold interest in a skilled nursing facility (the “Leasehold Facility” and collectively the “Portfolio”). The Portfolio consists of over 300 beds in the Mid- Atlantic region. The Borrower planned to lease both facilities to a tenant who is a licensed nursing operator with experience in the region. Sims was approached by a representative of the Borrower to provide subordinate financing, which the Borrower used together with a senior bank loan, a note from the seller, and an equity contribution from the Borrower to fund the acq

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