Cascade Capital Group Acquires 16 Facilities In South Dakota

Cascade Capital Group, a private health care real estate investment firm, announced the acquisition of a 16-facility skilled nursing portfolio in South Dakota. Stretching from Rapid City to Sioux Falls, the portfolio comprises in excess of 1,000 beds. The seller was represented by Houlihan Lokey Capital, Inc. Cascade secured financing through its long-standing lending partner, CIBC Bank USA; financial terms of the transaction were not disclosed. 

The facilities will be managed by Cascade’s affiliate operating partner, Chicago-based Legacy Healthcare. This transaction represents a continued expansion for Legacy and adds to the geographic footprint of other . . .