About Ben Swett
Articles Written by Ben Swett
High-priced transaction in Minnesota
A non-traded REIT recently bought a 105-unit senior living community in Maplewood, Minnesota for $30 million, or $285,700 per unit, with a 6.3% cap rate. Located in the Twin Cities area, the community features 22 independent living units, 51 assisted living units and... Read More »Record Senior Care M&A Year
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 »Drever gets its pipeline off the ground
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 »Converted convent sells in Wisconsin
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 »Schedule a demo
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