by Steve Monroe | Jun 13, 2019 1:03 pm | Developments
A Scottsdale, Arizona-based senior living operator is set for a major expansion into its home state, joining other builders in the booming Phoenix metro market. Cadence Living and its San Diego-based development partner Global Seniors Housing acquired the 7.7-acre... Read More »
by Steve Monroe | Jun 12, 2019 7:02 am | 60 Seconds, Opinion
One major default is used to blast a very profitable arm of the government. I don’t know if anyone noticed the June 3 lead article in The New York Times business section, but the reporter, Matthew Goldstein, should have talked to more people. One company, Rosewood... Read More »
by Steve Monroe | Jun 12, 2019 7:01 am | Acquisitions
Just when we thought it was safe to go outside again, it was revealed that Welltower had transferred the operations of 20 memory care and Alzheimer’s communities from one of its formerly favored tenants, Silverado Senior Living, to a formerly much smaller tenant,... Read More »
by Steve Monroe | Jun 11, 2019 4:03 pm | Financings
Every now and then, there is a transaction that really highlights the two diverging skilled nursing markets. On the one side are the older, traditional SNFs that struggle with high Medicaid censuses, rising physical plant costs and shrinking operating margins, and... Read More »
by Steve Monroe | Jun 11, 2019 3:58 pm | Financings
A Bay Area senior living community recently refinanced with the help of the A-team at CBRE that included Andrew Behrens, Aron Will, Austin Sacco and Adam Mincberg. The borrower was a joint venture between northern California owner/operator Carlton Senior Living plus... Read More »