by Steve Monroe | Nov 23, 2018 7:01 am | Statistics
Independent living prices dropped in the four quarters ended September 30, 2018, but not as sharply as assisted living did. Buyers paid on average $219,600 per unit for independent living communities, down from a near-record high of $241,300 per unit during the last... Read More »
by Steve Monroe | Nov 23, 2018 7:00 am | Financings
KeyBank Real Estate Capital has been on a roll lately, announcing financing after financing following their successful HUD fiscal year atop the rankings. Their latest closing saw Charlie Shoop and Peter Trazzera close a $31.5 million Freddie Mac loan on behalf of... Read More »
by Steve Monroe | Nov 22, 2018 10:22 am | Acquisitions
A lower cost provider of independent living and assisted living services in Spokane, Washington, sold with the help of Rob Reis of Marcus & Millichap. Mostly filled with Medicaid residents (over 70% of the census), this community features 220 licensed beds in 210... Read More »
by Steve Monroe | Nov 21, 2018 10:00 am | 60 Seconds
We all have a lot to be thankful for. What do I have to be thankful for. First, I want to thank everyone who helped fund our Walk To End Alzheimer’s campaign, where we raised more than $6,000, one of the higher team results in Connecticut. Not bad for our first year.... Read More »
by Steve Monroe | Nov 21, 2018 7:01 am | Opinion, Statistics
The results are in for our rolling four-quarter averages for assisted living, independent living and skilled nursing sales, and they may surprise you. Assisted living prices, on average, dropped 15% to just $177,600 per unit for the four quarters ended September 30,... Read More »