by Ben Swett | Feb 18, 2025 3:26 pm | Acquisitions
Tutera Senior Living & Health Care announced its latest acquisition involving a 75-unit assisted living/memory care community in Matteson, Illinois. Built in 2021 for a cost of around $21 million, or $280,000 per unit, the community formerly operated under the... Read More »
by Ben Swett | Feb 13, 2025 2:53 pm | Financings
KeyBank Community Development Lending and Investment (CDLI) provided construction financing to a to-be-built affordable seniors apartment community in Pittsburgh, Pennsylvania. The package consisted of a $27 million construction loan and a $14.4 million private... Read More »
by Ben Swett | Jan 28, 2025 4:06 pm | Acquisitions, Financings
JD Stettin of Carnegie Capital announced his fourth quarter financing activity, which included acquisition loans closed for four skilled nursing facilities in Texas. Two facilities were located in the northern part of the state, and the other two were near the Mexican... Read More »
by Ben Swett | Jan 21, 2025 3:53 pm | 60 Seconds, Opinion
Momentum in the M&A market has continued into 2025, and there is general optimism that the new Administration that descended on Washington this week will be good for the business environment. Although there is some uncertainty around what, if any, tariffs are... Read More »
by Ben Swett | Jan 17, 2025 3:19 pm | Opinion, Statistics
NIC released its latest seniors housing occupancy update for the 31 NIC Map Primary Markets, and fourth quarter 2024 census has hit another post-pandemic occupancy high. Overall seniors housing occupancy rose to 87.2%, up 70 basis points from 86.5% in the third... Read More »