by Steve Monroe | Jun 28, 2019 7:02 am | Acquisitions
With its Pittsburgh, Pennsylvania senior living community in danger of losing its license, New Senior Investment Group decided to divest the troubled asset, selling to an area not-for-profit for nearly half of what it originally paid for the property in 2013. The... Read More »
by Steve Monroe | Jun 28, 2019 7:01 am | Financings
Senior Living Communities (SLC) secured financing from National Health Investors to purchase and renovate a 248-unit CCRC in Columbia, South Carolina, bringing the REIT’s relationship with SLC to 11 properties with either a long-term lease or a mortgage loan. The $35... Read More »
by Steve Monroe | Jun 28, 2019 7:00 am | Acquisitions
Caring for higher acuity residents in assisted living comes with added risks, staffing needs and costs. That goes without saying. But, by accepting those residents, owners and operators also charge higher rents and expect a higher level of cash flow to compensate... Read More »
by Steve Monroe | Jun 27, 2019 12:49 pm | Financings
A skilled nursing facility with an array of post-acute services just refinanced through HUD with the help of Cambridge Realty Capital Companies. Located in Madison, New Jersey, the 102-bed facility is situated across the street from Drew University and about three... Read More »
by Steve Monroe | Jun 27, 2019 12:46 pm | Financings
Much of the investor attention in seniors housing is paid towards the higher-end, luxury communities. Those properties are able to charge much higher rents and usually operate at higher margins. But a huge swath of the senior population cannot come close to afford... Read More »