by Steve Monroe | Nov 16, 2018 7:01 am | Acquisitions
An independent owner/operator’s only senior care campus in Norwalk, Ohio sold to a regional operator thanks to the guidance of Evans Senior Investments. In the exit, the seller received $7.3 million, or nearly $55,000 per bed/unit, at an 8.9% cap rate, for the campus.... Read More »
by Steve Monroe | Nov 16, 2018 7:00 am | Acquisitions
A growing seniors housing investor saw upside at two assisted living/memory care communities in high barrier-to-entry markets in Philadelphia, Pennsylvania and purchased the pair for an undisclosed price. Ben Firestone and Michael Segal of Blueprint Healthcare Real... Read More »
by Steve Monroe | Nov 15, 2018 3:24 pm | Financings
The 100% employee-owned senior care operator Medicalodges, Inc. recently obtained short-term financing from Lancaster Pollard for three of its skilled nursing facilities in Kansas and Missouri. Bill Wilson of Lancaster Pollard and Joe Munhall of LP’s Debt Syndications... Read More »
by Steve Monroe | Nov 14, 2018 7:02 am | 60 Seconds, Opinion
How transparent are the activist shareholders about what would happen to Brookdale Senior Living if it followed through on their recommendations? Not very. After spending four years being critical of practically everything Brookdale did since the acquisition of... Read More »
by Steve Monroe | Nov 14, 2018 7:01 am | Acquisitions
When a local assisted living operator in Arkansas wanted to exit the seniors housing industry, they turned to Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage to get the job done. Their final property was a 30-unit assisted living community... Read More »