Three Important Considerations when Purchasing a Property Improved with a Skilled Nursing Facility

The acquisition of a property improved with a long-term care facility, in particular a skilled nursing facility ("SNF"), presents certain unique issues for a potential purchaser, which should be addressed early on in the closing process. In addition to traditional legal and financial due diligence considerations involved in a traditional real estate acquisition, a purchaser should also consider the feasibility of the property from a health care perspective. This includes local regulatory and licensure requirements and, potentially, additional financing considerations. While there are many different factors and variables that are specific to every new deal, below are three considerations that any potential purchaser should address with counsel when considering the purchase of a SNF property.

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