by Steve Monroe | May 17, 2019 12:28 pm | Financings
A Midwestern developer of affordable and middle-income senior living communities, Wallick Communities, recently opened three assisted living communities in Ohio and obtained bridge financing to fund them through lease-up towards an eventual refinance with HUD.... Read More »
by Steve Monroe | May 17, 2019 12:24 pm | Acquisitions, Financings
An experienced private investment group acquired a portfolio of six skilled nursing facilities thanks to bridge financing at 90% loan-to-cost. Totaling $51.9 million, the three-year loan was originated by Jonathan Kutner and Eli Kutner of Harborview Capital Partners,... Read More »
by Steve Monroe | May 17, 2019 7:02 am | Opinion, Statistics
Judging by the number of questions we got during our May 16th webinar called “The 55+ Active Adult Market: The New Frontier of Seniors Housing,” it is safe to say that there is plenty of interest in this growing market. Our listeners tuned in to find out what prices... Read More »
by Steve Monroe | May 17, 2019 7:01 am | Statistics
There are plenty of issues that come along with the aging of the skilled nursing facility inventory. Older facilities require more capex to keep operations up to snuff, have trouble attracting the coveted Medicare and private insurance patients, and often have far... Read More »
by Steve Monroe | May 17, 2019 7:00 am | Acquisitions
New Jersey-based Juniper Communities added another Pennsylvania senior living property to its portfolio with the acquisition of a 103-unit assisted living/memory care community in Chestnut Hill (Philadelphia MSA). With the deal, Juniper now owns or operates 12... Read More »