Adora Midtown Park is a beautifully designed skilled nursing center. The 80-bed skilled nursing and 29-bed assisted living facility opened in 2018 and struggled attracting new residents and patients. That, combined with the pandemic, ultimately led to cash flow shortfalls and an inability to service the debt. LK Asset Advisors was engaged by the senior lender to act as receiver so that the property could be sold. The property will be on the market within the next 30-45 days, with the intention to sell the facility within 90-120 days.
