Nebraska Senior Housing Portfolio
Category: Senior Housing - RIDEA
Nebraska Senior Housing Portfolio is comprised of two senior living communities totaling 220 rental units and 282,000 square feet in Bennington and Omaha, Nebraska. Built in 2000 and 2009, the portfolio was 100 percent occupied at the time of acquisition and will be operated on behalf of the REIT by Dial Senior Management Inc., an affiliate of the seller, thus providing continuity of management.
Nebraska Senior Housing Portfolio was acquired from Dial Retirement Communities, an unaffiliated third party represented by Mark Myers of Marcus & Millichap, under a RIDEA structure, which allows for Griffin-American Healthcare REIT III to participate in both the rental and operational cash flow of each facility while relying on Dial Senior Management as the third-party manager.