by Steve Monroe | May 6, 2019 7:00 am | Acquisitions
CareTrust REIT just keeps on growing, adding its 212th net-leased property to its portfolio. The target, a 118-bed skilled nursing facility in Dallas, Texas, sold for approximately $10.0 million, or about $84,750 per bed, inclusive of transaction costs. The land it... Read More »
by Steve Monroe | May 3, 2019 3:49 pm | Acquisitions, Financings
Maryland-based operator of senior care facilities across the Mid-Atlantic, Sterling Senior Care, acquired another Maryland skilled nursing facility, following its 2018 acquisition of a 129-bed Boonsboro facility for $15.55 million. The most recent transaction featured... Read More »
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 »