by Steve Monroe | Sep 6, 2018 3:31 pm | Developments, Financings
Love Funding secured financing for the Last Frontier’s newest assisted living community. Located in Anchorage’s U-Med district (and less than two miles from three hospitals), the community is being purpose-built by Baxter Senior Living as a high-end assisted living... Read More »
by Steve Monroe | Sep 6, 2018 3:27 pm | Financings
Fresh off of Frontier Management’s ownership restructuring, it was business as usual for the firm, which obtained financing for its newly opened standalone memory care community in Tucson, Arizona. Columbia Pacific Advisors, though its bridge lending platform, CPIF... Read More »
by Steve Monroe | Sep 5, 2018 7:03 am | 60 Seconds, Opinion
Latinos are the fastest growing worker cohort, but like all workers, they need more education and training. So do seniors housing workers, if we want to keep them. I read an interesting article from the Wall Street Journal over Labor Day Weekend titled “The ‘Latino... Read More »
by Steve Monroe | Sep 5, 2018 7:02 am | Acquisitions
Ryan Saul of Senior Living Investment Brokerage closed out the month with two Midwest transactions. First, he sold a struggling SNF in St. Charles, Illinois. At 40-years old, the 120-bed facility struggled with cash flow (losing over $1 million in EBITDAR), while... Read More »
by Steve Monroe | Sep 5, 2018 7:01 am | Acquisitions
Trent Gherardini wrapped up a busy month for Blueprint Healthcare Real Estate Advisors with the sale of a 204-bed skilled nursing facility in Corpus Christi, Texas. It was owned by a Florida-based owner for generations, but its lease with the existing tenant was... Read More »