by Ben Swett | Jan 12, 2016 7:16 pm | Acquisitions, Financings, Opinion
As most of you have read recently, Walker & Dunlop closed its largest loan ever (almost double the size of its $670 million financing that the company closed earlier in 2015) in the form of a $1.27 billion seven-year adjustable-rate Freddie Mac loan secured by 78... Read More »
by Ben Swett | Jan 8, 2016 8:31 am | Acquisitions
A not-for-profit CCRC in Milwaukee, Wisconsin boasting a well performing skilled nursing facility was sold by Ray Giannini of Marcus & Millichap for $19 million, or approximately $53,670 per bed/unit, with approximately a 9% cap rate. Built in stages in the early... Read More »
by Ben Swett | Jan 8, 2016 8:30 am | Acquisitions
Looking to expand their portfolio of supportive living facilities (SLFs) in Illinois, a private owner bought four SLFs (three in the Chicago area and one in Rockford) with 539 total beds for $49 million, or $90,900 per bed, with a 9.4% cap rate. Occupancy ranged 54%... Read More »
by Ben Swett | Jan 7, 2016 9:06 pm | Opinion
The HR department at Holiday Retirement must be pretty busy of late, with several key leadership changes to start the year. First, there was the announced departure of Kai Hsiao as CEO for personal health reasons, although Mr. Hsiao will stay involved as vice chairman... Read More »
by Ben Swett | Jan 6, 2016 8:32 am | 60 Seconds, Opinion
With 38 deals and counting in December, the fourth quarter set a record with 104 announced seniors housing and care acquisitions. Not even the recent deep freeze that has hit the northeast could slow down the deal making at the end of the year and into 2016. And what... Read More »