Case Study
SIMS PROVIDES HUD FINANCING FOR 12-PROPERTY NURSING PORTFOLIO ACQUISITION
CASE STUDY PARTNERED RIGHT Next Healthcare Capital (“Next”) is a privately held healthcare real estate investment firm specializing in the acquisition and leasing of high-quality skilled nursing facilities. Next is primarily aligned with national operators with a proven track record of operating skilled nursing facilities. Next has made sizable, multi- million-dollar portfolio investments and formed working relationships with operating partners in over 35 states across the country. Sims previously partnered with a related company of Next in 2013 providing a HUD Plus subordinate loan to finance the acquisition of a nursing portfolio in Florida. Sims then partnered with Next in 2017 to recapitalize the same portfolio. STRUCTURED RIGHT Next reached an agreement to purchase a por