by Steve Monroe | Apr 18, 2018 7:02 am | 60 Seconds, Opinion
Seniors housing occupancy levels dropped both sequentially and year over year, but new development continues. While it did not come as much of a surprise, the recently reported occupancy trends from NIC MAP were certainly disheartening. For occupancy at stabilized... Read More »
by Steve Monroe | Apr 18, 2018 7:01 am | Developments
It’s full steam ahead for Capitol Seniors Housing’s construction strategy. The Washington, D.C.-based private equity firm just opened one assisted living community in Naperville, Illinois (Chicago MSA), but has nine more projects coming down the pike, all totaling... Read More »
by Steve Monroe | Apr 18, 2018 7:00 am | Acquisitions
Genesis Healthcare may be exiting Texas right now, but Chicago-based Mozart Healthcare doubled down in the Lone Star State, acquiring a 124-bed skilled nursing facility in El Paso to complement its three existing SNFs (located in Winnsboro, Kennedale and San... Read More »
by Steve Monroe | Apr 17, 2018 3:43 pm | Financings
Meridian Capital Group showed off its range in closing financings for three clients, including two acquisition loans and a HUD refinance. Ari Adlerstein and Ari Dobkin first worked on behalf of a regional operator to arrange a $16.3 million HUD loan that refinanced a... Read More »
by Steve Monroe | Apr 13, 2018 7:02 am | Acquisitions
For the second time, Prudential Real Estate Investors is selling its large senior living community in Cary, North Carolina, 14 years after the first sale. Originally built in 1999 with 80 independent living units, 36 assisted living units and 36 memory care units, the... Read More »