by Steve Monroe | May 9, 2018 8:17 am | Acquisitions, Developments, Financings
Evans Senior Investments (ESI) closed on the sale of two properties in New York known as the Robinson Terrace Portfolio. It included a 120-bed skilled nursing facility that was built in Samford in 1973, and a 55-unit assisted living community built in 2011 two miles... Read More »
by Steve Monroe | May 9, 2018 8:10 am | Financings
Capital Funding Group hit the spring running, closing eight deals worth just under $109 million. Six of the financings were HUD and the remaining two were bridge-to-Hud loans. Craig Casagrande closed two HUD financings in New Jersey. The first was a $16.3 million HUD... Read More »
by Steve Monroe | May 9, 2018 7:02 am | 60 Seconds, Opinion
The skilled nursing sector is under pressure, especially those facilities built 40 years ago. But buyers continue to see opportunity. There are some people who believe skilled nursing facilities are dinosaurs and will continue to see declines in census and... Read More »
by Steve Monroe | May 3, 2018 4:35 pm | Financings
For the first year since 2014, the average 10-year Treasury note rate rose in 2017, and the increase was a relatively sizable 50 basis points to 2.3%. We say “relatively” because it has been so low and stable for so many years since the Great Recession... Read More »
by Steve Monroe | May 3, 2018 4:24 pm | Developments, Financings
Lancaster Pollard closed a large construction on behalf of Los Angeles-based Ridge Senior Living to build a new luxury senior living community in Lakewood, Colorado (Denver MSA). Once complete, the community will comprise 318 total units of independent living,... Read More »