by Steve Monroe | Jun 8, 2018 7:02 am | Acquisitions
Despite its stated strategy to own more of the real estate in its portfolio of over 230 healthcare properties, The Ensign Group shunned its recent practice and acquired just the operations of a 140-bed skilled nursing facility in Sun City West, Arizona. Reporting 87%... Read More »
by Steve Monroe | Jun 8, 2018 7:01 am | Statistics
For the fifth year in a row, there has been a perfect correlation between the average price per bed and the expense ratio of those skilled nursing facilities sold, according to the 23rd Edition of The Senior Care Acquisition Report. This makes perfect sense but does... Read More »
by Steve Monroe | Jun 8, 2018 7:00 am | Financings
Utilizing Fannie Mae’s Green Rewards financing product, Richard Thomas and Meredith Davis of Grandbridge Seniors Housing and Healthcare Finance Group arranged a $25.5 million acquisition loan to fund the purchase of a 93-unit assisted living/memory care community in... Read More »
by Steve Monroe | Jun 7, 2018 3:22 pm | Financings
A large healthcare campus in Tucson, Arizona recently refinanced through HUD, with the help of Joshua Rosen at Capital One. After originally opening in 1964, the campus has since expanded in 1977 and 1990 to currently feature 24 independent living, 19 assisted living... Read More »
by Steve Monroe | Jun 6, 2018 7:02 am | 60 Seconds, Opinion
CCRCs are thriving in today’s market when so many other providers are struggling for census. But why? How many times have you heard that the CCRC market is a thing of the past? About as many times as you have heard that skilled nursing is dead? Well, I’ve got... Read More »