Beverly Hills 12/2/2009 1:06:00 AM
News / Business

CapitalSource Sells 37 Nursing Homes in $100 Million Deal

Finance World News Update by EQUITIES Magazine

Commerical lender, CapitalSource Inc., announced today that it had completed the sale of 37 skilled nursing homes. The sale is the final step of a wider sales of its net lease portfolio and marks its exit from the nursing home ownership business. CapitalSource will continue to supply financing for the industry.

 

Proceeds of the sale will be partially employed to repay $55 million in nursing home debt.

 

Including $331 million from a recent sale of 143 facilities to Omega Healthcare Investors Inc., the company anticipates to generate roughly $495 million from asset sales when all deals are finished.

 

Stocks of CapitalSource jumped 12 cents to $3.79.

 

 

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