by Steve Monroe | Jun 5, 2019 7:02 am | 60 Seconds, Opinion
Have we hit bottom, or will values continue to decline? Join us next Thursday as we try to decipher what the market holds for investors over the next several years. Depending on who you talk to, skilled nursing facility values, and the SNF M&A market in general,... Read More »
by Steve Monroe | Jun 5, 2019 7:01 am | Acquisitions
The Big-3 REITs are back as buyers, with Ventas making the biggest splash of them all by acquiring 31 senior living communities in Quebec for approximately C$2.4 billion, or US$1.8 billion. Made in an 85/15% partnership with the in-place operator, Le Groupe Maurice,... Read More »
by Steve Monroe | Jun 5, 2019 7:00 am | Acquisitions
National Health Investors, Inc. entered into a joint venture with Discovery Senior Living to acquire six senior living communities in Pennsylvania, Maryland and Indiana from affiliates of Kayne Anderson Real Estate Advisors. The venture, of which NHI is a 97.5% owner,... Read More »
by Steve Monroe | Jun 4, 2019 12:46 pm | Acquisitions
Matt Alley of Senior Living Investment Brokerage is on a tear in Texas, selling his third skilled nursing facility there in a month. The latest sale involved a value-add SNF in Gainesville selling to a Texas-based owner/operator for $1.5 million, or $17,900 per... Read More »
by Steve Monroe | Jun 4, 2019 12:43 pm | Acquisitions
Greystone Healthcare Management Corp. acquired a 120-bed skilled nursing facility in St. Augustine, Florida. Located on eight acres about a mile from Flagler Hospital, the facility received $3 million of renovations to its 24 private and 48 semi-private rooms. That... Read More »