by Ben Swett | Jan 21, 2016 9:25 pm | Acquisitions
Cincinnati-based CommuniCare Health Services became the second largest provider of skilled nursing care in Maryland when it acquired six facilities in the state, and one in West Virginia. The transaction added over 900 beds to its portfolio, which includes nearly 15... Read More »
by Ben Swett | Jan 20, 2016 8:32 am | 60 Seconds, Developments, Opinion
The development activity in seniors housing is increasing, and anyone thinking about investing or lending in this market should attend tomorrow’s webinar. Will 2016 be the year that sets the stage for the future of the seniors housing development market? There... Read More »
by Ben Swett | Jan 20, 2016 8:31 am | Developments
If you have been following the seniors housing construction market in the last couple of years, you probably have noticed that most of the development that has happened has been assisted living, memory care or some combination of the two. So with all of that building,... Read More »
by Ben Swett | Jan 20, 2016 8:30 am | Acquisitions
National Health Investors (NYSE: NHI) added a well-run independent living community in Chehalis, Washington (40 miles south of Olympia) to its portfolio for a purchase price of $9.25 million, or $96,400 per unit, with an 8.7% cap rate. Built in phases from 1986 to the... Read More »
by Ben Swett | Jan 19, 2016 8:16 pm | Acquisitions, Financings
For over $400,000 per unit, a joint venture between MorningStar Senior Living and Arcapita, a Bahrain-based global investment manager, purchased (in two transactions) a portfolio of three newly built assisted living/memory care communities in Colorado. One of the... Read More »