Omega Healthcare Investors, Inc. (NYSE:OHI) acquired Four Skilled Nursing Facilities in West Virginia for $114.8 million on April 14, 2023. The company leased them to an existing operator. The four SNFs were added to the master lease of the operator with an initial annual cash yield of 9.5%, with 2.5% annual escalators. Concurrent with the acquisition, the Company loaned an additional $104.6 million to the operator, primarily for the purpose of financing the operator?s purchase of 13 additional West Virginia SNFs. The loans have a yield of 12%.

Omega Healthcare Investors, Inc. (NYSE:OHI) completed the acquisition of Four Skilled Nursing Facilities in West Virginia on April 14, 2023.