by Steve Monroe | Apr 26, 2019 7:02 am | Statistics
For the seventh year in a row, there was a perfect correlation between the age of seniors housing communities sold and their average net operating income per unit, according to the Seniors Housing Acquisition & Investment Report. This makes sense, given that the... Read More »
by Steve Monroe | Apr 26, 2019 7:01 am | Financings
Lancaster Pollard Mortgage Company just closed its 16th HUD financing since the government shutdown ended in January. They clearly did their leg work during the shutdown, as in the first three weeks following it, 16 of the 25 FHA 232 commitments issued by HUD went to... Read More »
by Steve Monroe | Apr 26, 2019 7:00 am | Developments
We’ve written about the bifurcation in the skilled nursing market between the traditional SNFs, which tend to be older, feature smaller, semi-private rooms and heavily rely on Medicaid revenues, and the new transitional care facilities, which cater almost exclusively... Read More »
by Steve Monroe | Apr 25, 2019 12:17 pm | Acquisitions
A portfolio of three skilled nursing facilities and 444 total beds in the St. Louis, Missouri area found a new operator/tenant thanks to Ben Firestone, Michael Segal and Billy Lichtenstein of Blueprint Healthcare Real Estate Advisors. Featuring positive cash flow... Read More »
by Steve Monroe | Apr 25, 2019 12:12 pm | Acquisitions
Welltower announced that it has added two more San Antonio senior living properties to its portfolio. Originally developed by the seller, South Bay Partners, these communities opened in 2016 adjacent to each other in the Dominion area of northwest San Antonio. They... Read More »