by Steve Monroe | May 3, 2019 3:44 pm | Acquisitions
The Ensign Group added to its expanding portfolio with two large acquisitions in Arizona and California. First, the company purchased two large senior care campuses in Peoria and Mesa, both in the Phoenix MSA. The Peoria campus includes a 150-bed skilled nursing... Read More »
by Steve Monroe | May 3, 2019 7:02 am | Developments
Seven years ago, this month, the first signs of life in the seniors housing development market showed themselves after a barren few years following the depths of the Great Recession. We’re sure none of you want to get back in the recession mindset, but the myriad... Read More »
by Steve Monroe | May 3, 2019 7:01 am | Acquisitions
Senior Living Investment Brokerage’s Bradley Clousing and Patrick Byrne sold a pair of personal care facilities in the Peach State. Both communities were losing money, largely as a result of heavy competition. It didn’t help that they were both built in the... Read More »
by Steve Monroe | May 3, 2019 7:00 am | Financings
Dwight Capital closed a couple of bridge loans for skilled nursing clients in the Midwest. First up, the firm arranged a $3.77 million loan for a senior care facility in Beloit, Kansas. Built in multiple stages from 1971 to 2004, the campus includes 110 units and 116... Read More »
by Steve Monroe | May 2, 2019 3:46 pm | Financings
When a CCRC in Norfolk, Virginia wanted to launch a major $200 million expansion of its campus, it turned to its long-time partner HJ Sims to finance the project. The two go way back (to the early 2000s), with Sims structuring, placing or underwriting the initial seed... Read More »