• Newmark Closes Class-A Deal in Denver

    by | Apr 24, 2024 8:44 am | Acquisitions

    A new seniors housing community traded in the Denver, Colorado MSA, with the help of the team at Newmark. Developed in 2017, MorningStar at RidgeGate is located in the suburb of Lone Tree within the Ridgegate master plan that features retail, cultural amenities and a 284-bed hospital nearby. The property comprises five stories over subterranean... Read More »

  • Public REIT Purchases Texas Class-A Seniors Housing

    by | Apr 23, 2024 3:56 pm | Acquisitions

    Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the... Read More »

  • Eads Sells Its 24th & 25th Missouri Community

    by | Apr 23, 2024 3:54 pm | Acquisitions

    Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or... Read More »

  • 60 Seconds with Swett: CMS Raises the Minimum Staffing Mandate

    by | Apr 23, 2024 3:48 pm | 60 Seconds

    On Monday, CMS came out with its final minimum staffing standards for nursing homes, but the eventual outcome is anything but final. Despite the outcry from nursing home providers from the previous proposed mandate of three hours per resident per day, asking simple questions like how can we pay for this and where will this newly needed staff come... Read More »

  • More Shareholder Activism

    by | Apr 22, 2024 9:04 am | Opinion

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »
Is Brookdale Prepping For The Sale?

Is Brookdale Prepping For The Sale?

by | May 12, 2017 7:01 am | Opinion

As you may know, we were never a fan of Brookdale Senior Living’s acquisition of Emeritus, and we are still not a fan of any company in the space operating 500 or more communities, let alone 1,000. It is just not that easy, and while we do not fault management for having a hard time of it, we do fault management for getting to the size it is. At least, the management responsible for the growth, and not the people trying to work things out. Brookdale announced its first quarter earnings, and investors seemed to like what they saw and heard. They ignoredthe same-community decline on occupancy of 100 basis points to 85.7% year over year, as well as the 80 basis point sequential decline. The... Read More »

A Message From The Editor

by | Apr 1, 2016 8:32 am | Opinion

It’s been a great 30 years writing The SeniorCare Investor… It is with mixed emotions that I am announcing my retirement effective the end of this year when I will qualify for Social Security payments. I have had a good run for the past 30 years writing about the seniors housing and care industry, and while some of you may miss my musings, I am sure others will not. If you can believe it, when I got in this business in 1986, I was also brokering senior care properties. Unfortunately, not as many as I would have liked, so I turned to my pen, which over the years became my keyboard. And boy did I enjoy writing some of the stories. As you know, I liked to call it like I saw it,... Read More »

Build up downtown

by | Mar 16, 2016 8:30 am | Developments

We have heard from some that there is a huge opportunity for urban seniors housing, with more seniors, and eventually (and we mean years down the road) desiring to live in a downtown setting, surrounded by shops, restaurants and entertainment outside of their own building. A few examples of developers looking to satisfy this in a big way are The Clare of Water Tower (the 53-story CCRC in Chicago that cost approximately $270 million to build) and Maplewood Senior Living’s latest development in Manhattan (with 20 stories and 214 units at a cost of $246 million), to name a couple. Columbia Pacific Advisors, a Seattle-based alternative investment firm, is now planning a 24-story, 237-unit... Read More »

NHI’s new CEO

by | Oct 9, 2015 8:30 am | Opinion

National Health Investors (NHI) has found its new CEO following the much publicized departure of its former chief executive, Justin Hutchens, who took over the CIO job at HCP (and dare we say the top job in a few years?). Effective October 5, Eric Mendelsohn was tapped as NHI’s CEO after already serving as interim CEO since the beginning of August. Before joining NHI as Executive Vice President of Corporate Finance in January 2015, Mr. Mendelsohn was previously at Emeritus, where, as SVP of Corporate Development, he led the way in such large transactions as the $3 billion joint venture with Blackstone and the $278 million Summerville merger. Our congratulations to Eric, well... Read More »

Mourning Granger Cobb

by | Sep 30, 2015 8:30 am | Opinion

We mourn the passing of Granger Cobb, the former CEO of Emeritus and Board member of Brookdale Senior Living. Granger spent almost his entire career serving the needs of the elderly, starting with his first company, Cobbco, Inc. While he lost his fight against cancer, his spirit will live on in the senior living professionals he nurtured over the past 30 years. He is survived by his wife of 31 years and two daughters. A celebration of his life will be on October 24. Read More »