by Steve Monroe | Dec 11, 2018 4:32 pm | Financings
As joint venture partners TH Real Estate (an affiliate of Nuveen, the investment management arm of TIAA) and LCS continue their acquisition activity, BMO Harris Bank’s Healthcare Real Estate Finance group got in on the action and arranged acquisition financing for two... Read More »
by Steve Monroe | Dec 10, 2018 3:36 pm | Acquisitions
Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice Hamister Real Estate Equity Fund III, LPNorthshore Senior Living$16.8 million Threestones CapitalSkilled nursing facilityN/A Not disclosed3 skilled nursing facilities$18.7... Read More »
by Steve Monroe | Dec 7, 2018 7:03 am | Acquisitions
HFF showed its strength in the skilled nursing M&A market, closing three transactions at the end of last month. Dave Fasano sold four Florida SNFs currently in receivership to New York-based TL Management for $24 million, or $66,850 per bed. Built between 1965 and... Read More »
by Steve Monroe | Dec 7, 2018 7:02 am | Acquisitions
In late November, the team of Mike Surak, Joshua Jandris and Mark Myers of Institutional Property Advisors, a division of Marcus & Millichap, closed on the sale of a 69-unit assisted living and memory care community in Knoxville, Tennessee. The community opened in... Read More »
by Steve Monroe | Dec 7, 2018 7:01 am | Acquisitions
After a “challenging quarter” when Diversicare Healthcare Services reported a net loss of $7.4 million, (compared with a $600,000 loss last third quarter), a drop in average occupancy to 79.3% (down from 80.1%) a $6.4 million contingent liability fund regarding... Read More »