by Steve Monroe | Oct 11, 2018 2:47 pm | Acquisitions
The Buffalo, New York-based owner of two assisted living communities in Ohio decided it was time to retire and hired Eli Kutner and Avi Begun of Harborview Capital Partners to negotiate a successful exit. Located down Lake Erie in the Cleveland area, the communities... Read More »
by Steve Monroe | Oct 10, 2018 7:02 am | 60 Seconds, Opinion
Recent third quarter data was not promising, but are we looking at the wrong numbers? When NIC released its occupancy stats last week, people were hoping for good news. Hope, however, is not a business plan. The third quarter has historically been a “make-up” quarter,... Read More »
by Steve Monroe | Oct 10, 2018 7:01 am | Acquisitions
Skilled nursing facility prices may have tempered from their peak in 2016 (we hosted a webinar on the very subject last month), but Evans Senior Investments bucked that trend by selling a pair of New Jersey skilled nursing facilities for $31.5 million, or nearly... Read More »
by Steve Monroe | Oct 10, 2018 7:00 am | Acquisitions
Two separate teams from Marcus & Millichap announced transactions so far this month. First, the Knapp Group Seniors Housing Advisors, led by Jim and Justin Knapp, sold an 88-bed skilled nursing facility in the Detroit, Michigan area for approximately $7.0 million,... Read More »
by Steve Monroe | Oct 9, 2018 4:06 pm | Acquisitions
A brand-new assisted living/memory care community in California found a new owner with the help of Richard Swartz, Jay Wagner, Aaron Rosenzweig and Sam Dylag of Cushman & Wakefield. Developed by San Diego-based West Partners, LLC, the community offers 148 units in... Read More »