Austin, TX (PRWEB) July 17, 2012
JLM Financial Investments today announced that it is has completed the acquisition of a portfolio of ten nursing facilities in the state of Illinois from Granite Investment Group.
The portfolio consists of both skilled nursing and intermediate care facilities with a combined total of 1,553 beds. The portfolio was 90.1% occupied at the time of sale.
Larry Meyer, JLM’s managing partner said, “Using this transaction as a platform, JLM Financial Investments looks to continue their investment in the senior housing sector in both real estate and operations.”
Founded two decades ago, JLM Financial Investments, LLC is a private equity firm that specializes in the acquisition, management, and value enhancement of commercial real estate secured assets, corporate aircraft loans, and senior housing.
For more information, go to http://www.jlmfinancialinvestments.com