A south county nursing home group with multiple locations is operating under new ownership.

The Post-Journal and OBSERVER have been analyzing real estate sales and recently looked at the sales from the first half of September. During that time period, both Tanglewood Manor and the Frewsburg Rest Home and were sold for nearly $32.4 million.

According to documents filed at the Chautauqua County Clerk’s Office, on Sept. 9, NTF Properties LLC of Bonita Springs, Fla. sold 560 Fairmount Ave., Ellicott to Jamestown Property Holdings LLC, HF Devoe Holding LLC, RF Greene Holding LLC and RF Melrose Holding LLC for $23.9 million. This is the address of Tanglewood Manor. The sale includes four parcels.

In a separate sale, Tanglewood Manor Inc. of Jamestown sold 33, 35 and 37 Gifford Ave., Ellicott, to Jamestown Property Holdings LLC, HF Devoe Holding LLC, RF Greene Holding LLC and RF Melrose Holding LLC of Brooklyn for $999,900. The sale includes four parcels.

In a third sale made the same day, NTF Properties LLC sold 106 West Main St., Frewsburg, town of Carroll, to Jamestown Property Holdings LLC, HF Devoe Holding LLC, RF Greene Holding LLC, and RF Melrose Holding LLC for $7.5 million. This is the address for Frewsburg Rest Home. The sale includes four parcels.

The four Limited Liability Company groups have a listed address of 1120 53rd St., Brooklyn, NY, as tenants in common.

According to Senior Housing Business, an industry magazine for Seniors Housing Real Estate and Operations, Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $27 million bridge acquisition loan for a portfolio of four assisted living and memory care facilities. The assets include Tanglewood Manor, Memory Gardens, The Magnolia and Comfort Today. The portfolio totals 293 beds.

Dwight’s Josh Levin originated this transaction for the borrower, Gary Rohinsky, the CEO of Culture Care Senior Living.

Rohinsky was quoted about the sale in Business Wire, a Berkshire Hathaway Company. In the publication, he stated, “At Culture Care, we believe in using our culture as our foundation to fulfill our vision of enriching the lives of our seniors, their families, and the communities that we serve through compassion, innovation, and customer service. We are grateful to take over an operation with a fantastic team that shares the same vision, and we are appreciative to the team at Dwight Capital for helping us make it happen. We look forward to working with Dwight on future transactions.”

According to Business Wire, Dwight Mortgage Trust also provided financing for eight other featured senior living communities in the third quarter of 2022. They are as follows:

¯ $50 million bridge acquisition loan for a 404-bed senior nursing facility portfolio located across Texas.

¯ $14 million bridge refinance for RegalCare at Harwich and Foremost at Sharon, a 201-bed senior nursing portfolio located in Harwich and Sharon, Massachusetts.

¯ $12.43 million bridge acquisition loan for a 314-bed senior nursing facility portfolio in Danielson and Willimantic, Connecticut.

¯ $11 million bridge refinance for St. Camillus Center, a 124-bed senior nursing facility located in Stamford, Connecticut.

¯ $10.6 million bridge acquisition loan for The Edwinola, a 200-bed assisted living, independent living, and memory care facility in Dade City, Florida.

¯ $9.2 million bridge acquisition loan for Forest Park Healthcare and Rehabilitation Center, a 114-bed senior nursing facility located in Carlisle, Pennsylvania.

¯ $7.6 million HUD loan for Edenbrook of Oshkosh, a 110-bed senior nursing facility in Oshkosh, Wisconsin.

¯ $5.28 million HUD loan for Edenbrook of Wisconsin Rapids, an 80-bed senior nursing facility in Wisconsin Rapids, Wisconsin.