by Steve Monroe | May 24, 2019 7:01 am | Acquisitions
Toronto, Canada-based Invesque (TSX: IVQ) announced it has entered into an agreement to purchase 20 assisted living and memory care communities from Commonwealth Senior Living for $340.4 million, or about $236,400 per unit. All but one of the communities are in... Read More »
by Steve Monroe | May 24, 2019 7:00 am | Acquisitions
Bob Richards of Senior Care Realty drew on his years of experience to close three sales of assisted living communities located throughout Wisconsin. First up, he represented an individual owner in her sale of a 50-unit AL community in a small town about 25 minutes... Read More »
by Steve Monroe | May 23, 2019 4:11 pm | Acquisitions
National Health Investors expanded its relationship with Comfort Care Senior Living, adding another Michigan assisted living community to its existing portfolio with the operator. The collaboration began in 2018 when NHI acquired two assisted living communities in... Read More »
by Steve Monroe | May 23, 2019 4:09 pm | Financings
Working on behalf of The Arboretum Group (TAG), Lancaster Pollard helped arrange two bridge loans to recapitalize five of their skilled nursing facilities in Texas. The first loan, coming in at $12 million with a 12-month term, was closed for two SNFs in south Texas... Read More »
by Steve Monroe | May 22, 2019 7:02 am | 60 Seconds, Opinion
Some board and care homes are giving the senior care business a bad name in their mistreatment of immigrants. There is an ugly side to immigration and low-wage workers in the senior care market. Bad people exist everywhere, and it is as difficult to keep them out of... Read More »