by Steve Monroe | Jun 24, 2019 7:01 am | Opinion
REIT have recently run into problems with their skilled nursing tenants failing to make lease payments because of the rent escalators rising faster than their profits. REITs have received much of the ire for this, but, is that fair for such a historically successful... Read More »
by Steve Monroe | Jun 24, 2019 7:00 am | Financings
A large skilled nursing facility in the Bronx just received one of the largest HUD loans ever on a single building in the agency’s history, totaling $104 million. Berkadia Commercial Mortgage arranged the refinance, with Mark Zafrin and Mark Frimmel of Michelman &... Read More »
by Steve Monroe | Jun 21, 2019 11:09 am | Acquisitions
Check out our recent senior care M&A deals. Long-Term Care AcquirerTargetPrice The Portopiccolo Group LLCMountain Home Health & Rehab$8.075 million Monarch Healthcare ManagementSt. Raphael's Health and Rehabilitation & St. Michael's Health and... Read More »
by Steve Monroe | Jun 21, 2019 7:02 am | Acquisitions
BPM Real Estate sold its entire portfolio of high-quality seniors housing communities in the western United States, and the assisted living industry saw off one of its early pioneers, Walter Bowen. After more than 30 years in assisted living, the real estate investor... Read More »
by Steve Monroe | Jun 21, 2019 7:01 am | Financings
Five years on from its acquisition of an 83-unit senior living community in Tustin, California, Capitol Seniors Housing is refinancing the property with a $15 million loan secured by Aron Will, Austin Sacco and Adam Mincberg of CBRE National Senior Housing. Originally... Read More »