by Steve Monroe | Apr 5, 2019 7:03 am | Acquisitions
This may sound familiar, but CareTrust REIT and The Ensign Group have been the two most prolific acquirers of senior care assets so far this year, with four announced acquisitions each since January 1. This comes at a time with public operators and REITs are very... Read More »
by Steve Monroe | Apr 5, 2019 7:02 am | Acquisitions
It is not often that we see a portfolio sale coming from HUD, or any sale for that matter, since it has always experienced a very low default rate. But given the difficulties other lenders and landlords have had with the skilled nursing sector the past few years, it... Read More »
by Steve Monroe | Apr 5, 2019 7:01 am | Statistics
We have historically presented our cap rate analysis on an unweighted average basis, weighting the cap rate for a 60-bed skilled nursing facility and a portfolio of 20 facilities the same in our Skilled Nursing Acquisition & Investment Report (which you can still... Read More »
by Steve Monroe | Apr 5, 2019 7:00 am | Acquisitions, Financings
Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage sold a 71-unit memory care community in Vista, California for $22.8 million, or about $321,000 per unit. Helping to push up that price was first, the location in the... Read More »
by Steve Monroe | Apr 4, 2019 2:29 pm | Acquisitions
Ray Giannini and John Klement of Marcus & Millichap helped the private owner of an assisted living community in Wisconsin exit the industry with its sale. Located minutes from downtown Milwaukee, Wisconsin in the town of Oak Creek, this 20-year old community has... Read More »