Walker & Dunlop Arranges Sale of Two Skilled Nursing Facilities in Montana

Rhea-AI Summary

Walker & Dunlop announced the successful sale of two skilled nursing facilities in Southwest Montana, namely Apple Rehab Cooney and Elkhorn Healthcare & Rehabilitation. The transaction, facilitated by Tony Cassie and Sam Thompson from the Walker & Dunlop Investment Sales team, achieved over $100,000 per bed despite challenges posed by the COVID-19 pandemic. The facilities, located in Helena and Clancy, Montana, highlight the operational resilience in the healthcare sector. With a track record of $5.4 billion in property sales in 2019, Walker & Dunlop continues to be a leader in multifamily property sales.

Positive

• Achieved a per-bed price above $100,000 despite COVID-19 challenges.
• Transaction serves a long-term client, showcasing strong relationships.
• Walker & Dunlop's successful facilitation indicates resilience in current market conditions.

Negative

• None.

BETHESDA, Md., Nov. 10, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that its investment sales group, Walker & Dunlop Investment Sales (WDIS), completed the sale of two skilled nursing facilities in Southwest Montana. Located in Helena and Clancy, Montana, the two-property portfolio comprises Apple Rehab Cooney and Elkhorn Healthcare & Rehabilitation.

The WDIS team was led by Managing Director, Tony Cassie, and Director, Sam Thompson. Based in Portland, Oregon, the team quickly and effectively facilitated the transaction and served as advisors to both the seller and buyer of the properties despite added challenges that arose due to the COVID-19 pandemic. The seller was a long-term client of the WDIS team, and both the buyer and the buyer's operator have an established footprint in the area.

Tony Cassie commented, "Despite all of the challenges present in the current environment, the transaction was negotiated and closed amid the COVID-19 pandemic. Achieving a per-bed price at over $100,000 in this climate is a testament to the resiliency and operational success of these facilities and the essential need of providing care to our country's most vulnerable population."

Apple Rehab Cooney is a 90-bed facility located on the campus of the St. Peter's Health Regional Medical Center in Helena, Montana, and Elkhorn Healthcare & Rehabilitation is a 70-bed facility located in neighboring Clancy, Montana.

Walker & Dunlop is a leader in multifamily property sales, with $5.4 billion in property sales volume completed in 2019. For information about Walker & Dunlop's view on the apartment market, including expert perspectives on markets, leadership, and the road ahead, visit our new Driven by Insight information center.

About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine's Fastest Growing Companies in 2014, 2017, and 2018. Walker & Dunlop's 900+ professionals in 40 offices across the nation have an unyielding commitment to client satisfaction.

View original content:http://www.prnewswire.com/news-releases/walker--dunlop-arranges-sale-of-two-skilled-nursing-facilities-in-montana-301169286.html

SOURCE Walker & Dunlop, Inc.

FAQ

What properties did Walker & Dunlop sell in Montana?

Walker & Dunlop sold Apple Rehab Cooney and Elkhorn Healthcare & Rehabilitation facilities.

What was the per-bed price for the sold nursing facilities?

The per-bed price achieved was over $100,000.

Who led the transaction for Walker & Dunlop?

The transaction was led by Tony Cassie and Sam Thompson.

When was the press release issued?

The press release was issued on November 10, 2020.

What is the stock symbol for Walker & Dunlop?

The stock symbol for Walker & Dunlop is WD.