About Ben Swett

Articles Written by Ben Swett

The added cost of memory care

by | 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 »

From good to great

by | 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 »
CBRE sells MorningStar trio

CBRE sells MorningStar trio

by | 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 »
Have We Finally Bottomed Out?

Have We Finally Bottomed Out?

by | Jan 15, 2016 8:31 am | Opinion

With senior care stocks plunging in recent weeks, it appears we may have finally bottomed out with a significant rally on January 14. I am sure many of you were watching in despair as senior care stocks have been plummeting since the beginning of the year. It was not... Read More »
Pineview in Pocatello

Pineview in Pocatello

by | Jan 15, 2016 8:30 am | Financings

A trio of assisted living communities in the Pocatello, Idaho area (in the southeastern part of the state) were refinanced with a $3.89 million HUD scattered site loan. Denver-based Pineview Capital Group arranged the financing, which featured a 35-year term and an... Read More »