by Steve Monroe | May 25, 2018 7:02 am | Opinion, Statistics
The aging of the skilled nursing industry is becoming a growing concern for investors in that space. Facilities built 40 years ago and over comprise a significant portion of the skilled nursing beds in the country, and many believe they are outdated and would require... Read More »
by Steve Monroe | May 25, 2018 7:01 am | Acquisitions
Mitsui & Co.’s U.S.-based wholly owned subsidiary, MBK Real Estate, added nine senior living communities to its portfolio, at a price of $382 million, or about $318,000 per unit. Located in California, Washington and Arizona and totaling around 1,200 units, the... Read More »
by Steve Monroe | May 25, 2018 7:00 am | Acquisitions
A Southern California independent living community that recently changed hands is in for a smooth transition, as its in-place operator stepped in as its buyer. Located in Oxnard (about 75 miles up the coast from Los Angeles), the 136-unit community was originally... Read More »
by Steve Monroe | May 24, 2018 2:48 pm | Financings
Bank Leumi provided a couple of Florida financings for owners of assisted living communities. First was a five-year $9.3 million acquisition loan provided to a South Florida-based owner/operator, Priority Life Care, to purchase two senior living properties in western... Read More »
by Steve Monroe | May 23, 2018 7:02 am | 60 Seconds, Opinion
Hospitals and post-acute providers have not mixed well in the past, but ProMedica Health System hopes that changes. I keep thinking about the Welltower and ProMedica Health System acquisition of Quality Care Properties and HCR ManorCare. Given today’s valuations,... Read More »