by Steve Monroe | Sep 7, 2018 7:00 am | Acquisitions
CareTrust REIT bought a California senior care campus and brought on a new tenant in its latest transaction. Formerly owned by the Catholic not-for-profit Our Lady of Fatima, the Saratoga campus consists of 85 skilled nursing beds and 37 assisted living units, with... Read More »
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 »