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 »
by Ben Swett | Jan 6, 2016 8:31 am | Acquisitions
Senior Living Investment Brokerage ended an already strong 2015 with eight more announced transactions, totaling over $47 million. All told, there were four skilled nursing sales, with a total of 420 beds in those transactions, located across the country in Chicago,... Read More »
by Ben Swett | Jan 6, 2016 8:30 am | Financings
HUD saw its largest single-asset, skilled nursing facility loan ever, when Housing & Healthcare Finance (HHC Finance) closed an $80.7 million 232/223(f) loan to refinance the existing conventional bank debt at a 520-bed skilled nursing facility in Manhattan, New... Read More »