by Irving Levin | Feb 4, 2022 3:49 pm | Acquisitions
Sienna Senior Living has announced a strategic joint venture with Sabra Health Care REIT to purchase a $243 million (C$307.5 million) portfolio of eleven private-pay retirement residences in Ontario and Saskatchewan. This will be Sienna’s first venture into the... Read More »
by Irving Levin | Feb 3, 2022 4:12 pm | Acquisitions
Newmark recently announced a closing on Mangrove Bay in Jupiter, Florida, and while we’ve heard of some high per-unit prices over the last year, this purchase is rumored to set a new state record for per-unit price. Blackstone divested the Class-A community to an... Read More »
by Irving Levin | Jan 26, 2022 10:42 am | Financings
Berkadia Seniors Housing & Healthcare recently announced $47 million in financing for five skilled nursing facilities across the country. Managing Director Jay Healy secured the financing on behalf of the borrowers. First, we have the HUD refinancing of a... Read More »
by Irving Levin | Dec 16, 2021 2:48 pm | Uncategorized
About the Webinar: There is no question that nursing facilities were the hardest hit during the pandemic, both in the media and with a significant drop in census. Yet, providers and investors continued to buy, albeit usually at lower average prices. The sector’s... Read More »
by Irving Levin | Oct 21, 2021 4:49 pm | Uncategorized
About the Webinar Going into the pandemic, the seniors housing and care sector was already struggling with the supply and cost of labor. When unemployment skyrocketed, some believed that would begin to alleviate the supply problem. But early on, it did not seem to... Read More »