by Steve Monroe | May 22, 2019 7:01 am | Acquisitions
Skyline Healthcare just sold three of its Arkansas skilled nursing facilities to Strawberry Fields REIT for a combined price of $14.3 million, or $32,200 per bed, at an approximate cap rate of 10.7%, based on Q1:19 financials, annualized. Included in the deal was a... Read More »
by Steve Monroe | May 22, 2019 7:00 am | Acquisitions
After being announced earlier this year, the sale of an 83-bed skilled nursing facility in Jaffrey, New Hampshire has closed thanks to Toby Siefert and Nick Cacciabando of Senior Living Investment Brokerage. Originally built in 1976, this facility is only budgeted and... Read More »
by Steve Monroe | May 21, 2019 3:56 pm | Financings
Fred Levine of Greystone successfully arranged bridge financing for the acquisition of seven skilled nursing facilities in the Southeast. Totaling 874 beds, the facilities are located in North Carolina (6) and Kentucky. Their new owner obtained a $71.92 million bridge... Read More »
by Steve Monroe | May 20, 2019 7:01 am | Acquisitions
Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice Griffin-American Healthcare REIT IVMichigan Assisted Living Facility Portfolio$24.5 million Invesque Inc.Grand Brook of Allen at Twin Creeks$8.1 million Invesque Inc.3 skilled nursing... Read More »
by Steve Monroe | May 20, 2019 7:00 am | Statistics
Seniors housing prices saw significant rises in average prices in the 12 months ended March 31, 2019. Assisted living itself jumped 10% from $186,400 per unit in 2018 (according to our Seniors Housing Acquisition & Investment Report) to $204,000 per unit in the... Read More »