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New Sign at Shaw Mountain – More Progress to come

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The new sign has been installed at Shaw Mountain! Over the next 60 days you will see a lot more progress at Shaw as we continue to invest in our operations and equipment enhancing the patient and employee experience. There will be some new windows, landscaping, parking and other general enhancements, please excuse the dust. Grateful for all the hard work and dedication our staff put into their jobs, allowing us to Be a Force For Good!

 

New Virtual Tour

By | Development, Uncategorized

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Dirt is moving on our Nampa location and we are getting very close to announcing our Ground Breaking for our Boise location. We have some new material to share with everyone, the links below are for a virtual tour of how these facilities will flow. The fixtures will be different but in general this will give you an idea of how the layout and flow will be.

Virtual Tour
Entrance and Elevation

Moving Dirt

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Our Nampa Location is active and we are moving dirt!  We are excited to start work on our new Transitional Rehab Facility! We will keep you posted as we make progress at the site.  Currently we are hoping for a 13 month build time and should be opening fall of next year.  Grateful for all the support and partnerships we have formed to make this all happen.

Cascadia Partners with CareTrust REIT on Triple Net Lease Back in Boise, Idaho.

By | Development, Uncategorized

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http://investor.caretrustreit.com/releasedetail.cfm?ReleaseID=968642

CareTrust REIT Acquires Idaho Skilled Nursing Facility

SAN CLEMENTE, Calif., May 03, 2016 (GLOBE NEWSWIRE) — CareTrust REIT, Inc. (NASDAQ:CTRE) today announced that it has acquired Shaw Mountain at Cascadia, a 98-bed skilled nursing facility located in Boise, Idaho, for $8.9 million.  In connection with the acquisition, CareTrust entered into a triple-net lease with Cascadia Healthcare, LLC, which took over operations effective May 1, 2016.
The asset acquisition was sourced by Cascadia, who sought out CareTrust for sale-leaseback financing.  Owen Hammond, Cascadia’s co-founder and CEO, explained their desire to partner with Care Trust. “Their operator-focused philosophy and deep understanding of skilled nursing operations really attracted us to them,” he said, adding that, “We know and trust the CareTrust team as a strategic ally, and look forward to a long and successful partnership with them.”
Greg Stapley, CareTrust’s Chairman and Chief Executive Officer, noted, “We have long known and respected Cascadia’s principals, dating back to our Ensign days together, and are excited to see Cascadia become a major player in the post-acute care delivery throughout Idaho and beyond.”
The Boise investment generates initial annual rental revenue of approximately $0.85 million to CareTrust under the terms of the Cascadia master lease, which carries an initial term of 15 years with two five-year renewal options and CPI-based rent escalators. The acquisition was funded with proceeds from CareTrust’s recent 8.5 million share equity offering, which took place on March 21, 2016.

In separate transactions on the same day, CareTrust also acquired a two-property, 67-unit senior housing portfolio in North Carolina for $11.8 million, which has been leased to Premier Senior Living at an annual rental of approximately $1.0 million. In addition, CareTrust acquired a 175-unit senior housing property located in Bedford, Virginia, in a sale-leaseback from 20/Twenty Management, at a cost of $10.0 million. The property was added to CareTrust’s existing master lease with 20/Twenty, and generates additional annual rental revenue of approximately $0.83 million.

About Cascadia Healthcare

Cascadia Healthcare is a growing post-acute healthcare company, based in Eagle, Idaho. Cascadia’s principals bring a deep understanding of healthcare operations at both the facility and regional levels, having worked in different capacities over many years at one of the nation’s most highly-respected publicly-traded post-acute care providers.
About CareTrustTM
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust that is engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 140 net-leased healthcare properties and three operated seniors housing properties in 19 states, CareTrust is pursuing opportunities nationwide to acquire additional properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses. More information about CareTrust is available at www.caretrustreit.com.

Contact Information CareTrust REIT, Inc. (949) 542-3130, ir@caretrustreit.com

March 24th, 2016

By | Uncategorized

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Cascadia Healthcare LLC, a Boise based skilled nursing operator and development company, announced today that it will break ground on two new Transitional Care Facility developments beginning in the summer of 2016.Cascadia’s projects will be state-of-the-art, 99-bed Transitional Rehab and skilled long-term care focused facilities. Each of the Facilities will be comprised of three distinct buildings consisting of nearly 52,000 total square feet. One side will have up to 30 private rooms with private baths and showers. The facilities will provide residents with cutting edge rehab gyms. Included in the design will be separate occupational therapy areas uniquely designed to simulate a homelike environment. These gyms will ensure residents are ready to safely transition back to their prior living arrangements. Another wing will boast 30 semi-private rooms with private showers and open and inviting living spaces where residents can thrive in a community setting. First class activities and dining spaces will allow the residents the maximum quality of life experience, while providing all necessary care. At the heart of these developments will be a state of the art service building delivering restaurant style food, hospitality style cleaning services and accommodations and nearly 5,000 square feet of indoor/outdoor open and innovative therapy space.
Cascadia’s principals have a wealth of experience in the industry, with a mission to “Be a Force for Good” in delivering quality outcomes in community based settings. “We see an industry that is currently operating in severely outdated 50 to 60-year-old frameworks. Most new construction is focused on the “skilled only” rehab market. This reality leaves the long term care population underserved within the new space. Our intent is to focus on both long term care and transitional, caring for each segment with dignity and individualized services while raising the bar for care within our local communities,” President & CEO Owen Hammond said in describing Cascadia’s driving focus.
In addition to the slated developments, Cascadia is actively looking at opportunities to develop and operate, within Idaho and throughout the western states. Hammond noted that, “The team at Cascadia is looking to utilize the unique combination of our experience, and strength as operators and developers to transform industry norms. We can’t think of a better place to start than our home state of Idaho.”
“Our two developments will bring nearly 250 skilled jobs to the Treasure Valley over the next few years, not to mention the jobs that will be created during the construction phase of these facilities,” said Owen Hammond in regards to the impact of this announcement on job creation in the valley.
About Cascadia Healthcare LLC
Cascadia Healthcare is a skilled nursing operator and development company that looks to both build state of the art skilled nursing buildings and acquire, lease and or manage existing skilled nursing operations in states west of the Mississippi. For more information on Cascadia Healthcare LLC., visit the Company’s website at www.cascadiahc.com.

May 05th, 2015

By | Uncategorized

3687099At about this time three years ago, we had just finished eating dinner as a family and my wife looked at us with her famous raised eyebrow stare and asked, “Does anyone know what this weekend is?” Immediately a reply came from my son Blake, who was about eight at the time, “It’s Danger Weekend!”. Fearing for his safety and the rest of us, I quickly intervened and said, “that’s right kids, for everyone who FORGOT that it’s Mothers Day this weekend, it IS Danger Weekend! Good thing we are already prepared, as I gave them my own-patented double raised eyebrow; shielded from mother; go along with it if you want to live look directed back at the kids.

Like most people, Mothers Day is the time to reflect on your individual relationship with your mother. Most, if not all of us, in some way, have been influenced by our mother; make sure you take the time to let her know how much she really means to you. Avoid the pitfalls of a Danger Weekend, pick up some flowers, write a note of gratitude, join the kids in an hour long craft fair making mothers day cards or simply say the words that mothers crave the most, “I love you Mom”.

It is not who you want to be, but whom you decide to be every day, in every action and in every gesture given or not given that defines you as a person. There is still time to prepare, take the time to make the call, send the card or drop off the flowers to the woman that has meant so much to you and undoubtedly help mold you into the person you are today. Happy Mothers day, to all the mothers this coming weekend!

Owen Hammond