by Steve Monroe | Oct 10, 2023 4:14 pm | Developments
Three months ago, Sonida Senior Living announced a comprehensive loan forbearance agreement with Fannie Mae covering 37 mortgaged communities. Part two occurred last week, which was the signing of loan modifications for these loans. It appears that the terms from... Read More »
by Steve Monroe | Oct 5, 2023 4:11 pm | Acquisitions
We have often wondered, and have often been asked, how do buyers decide to buy a community (or two) that is losing money with very low occupancy? How do you have the confidence to go into that market, lose money for several months, maybe several hundred thousand... Read More »
by Steve Monroe | Sep 26, 2023 3:39 pm | Developments
One thing that we still don’t understand about Diversified Healthcare Trust is why they seem to like making comparisons to 2019, whether year-to-date comparisons or, in the case of August 2023, comparing to August 2019. Are they trying to make shareholders feel bad,... Read More »
by Steve Monroe | Sep 25, 2023 9:04 am | Developments
Back in June, newly formed Senior Living Transformation Company (SLTC), in a joint venture with Omega Healthcare Investors, purchased a 114-unit senior living community in Brentwood, Tennessee for about $11 million, or $96,500 per unit. They consider that to be a... Read More »
by Steve Monroe | Sep 12, 2023 3:47 pm | Developments
Ventas has been an incredible success story, both in terms of the company itself and its stock. But most of the “incredible” for the stock occurred many years ago. Ten years ago, its share price was about $70, and currently it is about $40. It has averaged close to... Read More »