by Ben Swett | Dec 2, 2015 8:30 am | 60 Seconds, Opinion
With one month to go, and a busy one at that, we have surpassed 300 announced mergers and acquisitions, setting a new record. We have just passed last year’s total number of publicly announced seniors housing and care acquisitions, breaking through the 300-deal mark... Read More »
by Ben Swett | Dec 1, 2015 9:09 pm | Developments, Financings
We wrote earlier this year of Drever Capital Management’s seniors housing ambitions in both the acquisition and development markets. The company, which has only recently shifted its focus from multifamily to seniors housing, had already made its first acquisition in... Read More »
by Ben Swett | Nov 27, 2015 8:22 am | Acquisitions
Meridian Senior Services recently purchased a 50-unit assisted living community in Racine, Wisconsin (between Milwaukee and Chicago) for $6.5 million, or 130,000 per unit, with a 12.3% cap rate. The community has quite a history. The main building was built in 1924... Read More »
by Ben Swett | Nov 26, 2015 8:30 am | Financings
Senior Quality Lifestyles Corporation (SQLC), a Texas-based nonprofit that operates six senior living communities, hired Ziegler for the fourth time in 2015 to refinance one of its properties, which is located in the Barton Creek neighborhood of Austin, Texas and... Read More »
by Ben Swett | Nov 25, 2015 8:32 am | 60 Seconds, Opinion
Despite some high-profile allegations against senior executives for some type of financial wrong-doing, we are still thankful for all the good work done by the nation’s caregivers. What is it about caring for the elderly and financial fraud or other misdeeds?... Read More »