by Steve Monroe | Jan 17, 2019 3:58 pm | Acquisitions
National Health Investors picked up a senior care campus outside of Boston, Massachusetts for a purchase price over $50 million. The REIT also immediately leased it back to the previous operator, Wingate Healthcare, for a 10-year term with three 5-year renewal options... Read More »
by Steve Monroe | Jan 16, 2019 7:02 am | 60 Seconds, Opinion
Fourth quarter occupancy may have been flat, but it is sure to decline in the early part of this year. We need to find new ways to deal with it. What great timing, with NIC’s occupancy and construction numbers just released for the fourth quarter, given our webinar... Read More »
by Steve Monroe | Jan 16, 2019 7:01 am | Opinion
The day after it was announced that Kim Lody had been appointed as the new CEO of Capital Senior Living, we had the opportunity for a little one on one with her. Since she has been a director for the past four years, she was obviously well versed in the company’s... Read More »
by Steve Monroe | Jan 16, 2019 7:00 am | Acquisitions
Brian Clark of Heavenrich & Company sold a pair of Oklahoma senior living communities for a price of $12.25 million, or just over $90,000 per unit. Located in Oklahoma City and Mustang, the communities were previously owned by Bridge Investment Group and total 135... Read More »
by Steve Monroe | Jan 15, 2019 4:55 pm | Financings
Berkadia jumped out of the 2019 gates with four HUD closings totaling $40 million. Ed Williams secured the largest loan, $14 million in financing for a skilled nursing facility in Pennsylvania. The loan proceeds were used to retire existing bank and related partner... Read More »