by Steve Monroe | Aug 22, 2018 7:01 am | Acquisitions
We’ve been saying this since 2014, but it seems to be a good time to sell a seniors housing property. Prices are still near record highs in the assisted living market, at $221,250 per unit in 2017, according to the 23rd Edition of The Senior Care Acquisition Report.... Read More »
by Steve Monroe | Aug 22, 2018 7:00 am | Opinion
Alzheimer’s is a terrible disease. No one can argue with that. And if we live long enough, without a cure, many of us will also succumb to Alzheimer’s. They say health care is local, but Alzheimer’s is global. It does not spare any race, income level or geography.... Read More »
by Steve Monroe | Aug 21, 2018 11:37 am | Financings
The long-term owner of an assisted living/memory care community in Oregon went to MidCap Financial to help recapture equity for its other development projects and to fund property improvements. Caring Places, an operator of 11 communities in Washington and Oregon,... Read More »
by Steve Monroe | Aug 17, 2018 7:02 am | Acquisitions
It is amazing what patience, capital, expertise and desire can do to change things around for a few bankrupt entrance-fee CCRCs. We are referring to Sedgebrook in Lincolnshire, Illinois and Monarch Landing in Naperville, Illinois that fell into bankruptcy in 2010 and... Read More »
by Steve Monroe | Aug 17, 2018 7:01 am | Acquisitions
A successful bidding process for a portfolio of four assisted living/memory care communities ultimately yielded a familiar buyer: the portfolio’s existing operator. Located in Oregon and Washington, the 152-unit portfolio was owned by a partnership among four seniors... Read More »