by Steve Monroe | Jul 12, 2018 3:37 pm | Financings
To fund its acquisition of two skilled nursing facilities in Kentucky, an investor turned to Monticello Asset Management to arrange financing. Two of Monticello’s investment vehicles originated $8.375 million in first lien debt financing and a $1.5 million working... Read More »
by Steve Monroe | Jul 11, 2018 7:02 am | 60 Seconds, Opinion
Another front page New York Times story highlighting problems with skilled nursing facilities. I am sure many of you saw the recent New York Times article about understaffing in the nation’s nursing facilities, particularly on the weekends. The new methodology used,... Read More »
by Steve Monroe | Jul 11, 2018 7:01 am | Opinion
There are a lot of people who do not believe seniors housing and care companies should be publicly traded. It is not appropriate to try to manage quarterly revenues and profits when you are taking care of older, frail residents. And don’t forget the earnings... Read More »
by Steve Monroe | Jul 11, 2018 7:00 am | Acquisitions
A publicly-traded REIT divested a non-core skilled nursing facility in North Carolina. They were represented by Evans Senior Investments, which brought in a growing regional owner/operator as the buyer. Located in a tertiary market outside of Charlotte (in the town of... Read More »
by Steve Monroe | Jul 10, 2018 4:13 pm | Acquisitions
A senior living operator is growing its portfolio outside of the Garden State for the first time, in a deal facilitated by Andrew Hilding, Josh Jandris and Mark Myers of IPA Seniors Housing. The target is located in Petersburg, Virginia, and features a 39-unit... Read More »