A portfolio of 12 skilled nursing facilities and seniors housing loans has been sold to White Oak Healthcare Finance, Capital One announced.
White Oak Healthcare Finance is a subsidiary of White Oak Global Advisors. Terms of the deal were not disclosed.
“We have a great relationship with the team at White Oak and worked closely with them to structure a mutually beneficial deal,” said Jim Seymour, Senior Managing Director, Capital One Healthcare. “This transaction enabled them to continue their aggressive growth strategy. For Capital One, it presented a great opportunity for us to change the nature of some of our skilled nursing exposure and to continue our commitment to the sector.”