by Steve Monroe | Aug 30, 2018 3:25 pm | Acquisitions
Last month we wrote of the sale of a Chattanooga, Tennessee independent living community to a joint venture between Atlas Senior Living and Veritas Senior Living. Now, we can report that Richard Lynn of Marcus & Millichap represented both the buyer and the seller... Read More »
by Steve Monroe | Aug 29, 2018 7:01 am | 60 Seconds, Opinion, Statistics
Over the last seven years, August has averaged just 25 acquisitions. We are already 50% above that, and still counting. As the dog days of August come to an end, is there anyone still working away before Labor Day? I have to say, the healthcare M&A market has been... Read More »
by Steve Monroe | Aug 29, 2018 7:00 am | Financings
Shunning any summer doldrums, BMO Harris Bank’s Healthcare Real Estate Finance group announced two loan closings in the last week, on the back of a $200 million facility it closed on behalf of Kayne Anderson Real Estate Advisors and Watermark Retirement Communities... Read More »
by Steve Monroe | Aug 28, 2018 3:52 pm | Developments, Financings
Usually we hear of counties selling their unprofitable skilled nursing facilities, but not this time. A county in Pennsylvania is building a brand-new facility to replace its existing 80-year old SNF, with the help of a $34 million loan from the USDA. Located in... Read More »
by Steve Monroe | Aug 24, 2018 7:02 am | Acquisitions
A unique skilled nursing facility with a sizable behavioral health census sold in Tucson, Arizona, in a deal handled by Evans Senior Investments. Those behavioral beds proved to be quite the boon to cash flow, with their Medicaid rate nearing $300 per day. Apart from... Read More »