by Steve Monroe | Apr 13, 2018 7:01 am | Acquisitions
In a move to reduce its debt, raise some cash and focus on its core markets, the beleaguered Genesis HealthCare announced a definitive agreement to sell 23 Texas skilled nursing facilities that comprise 22 owned buildings and one leased. The deal will bring Genesis’... Read More »
by Steve Monroe | Apr 13, 2018 7:00 am | Opinion, Statistics
On Thursday April 12, 2018, we hosted a webinar titled “Pricing “A” vs. “B” Seniors Housing Properties,” where moderator Steve Monroe and panelists Richard Swartz of Cushman & Wakefield, Wayne Kaplan of Premier Senior Living Group and Paul Froning of Focus... Read More »
by Steve Monroe | Apr 12, 2018 4:01 pm | Statistics
Buyers are increasingly prizing stabilized assisted living communities (with stabilized defined as having an occupancy equal to or higher than 85%) over non-stabilized communities when making acquisitions. The gap between the two property types continued to widen in... Read More »
by Steve Monroe | Apr 11, 2018 7:02 am | 60 Seconds, Opinion
There are many differences beyond values between “A and “B” communities, including NOI per unit, operating margin and cap rate. In 2017, the range in prices paid for seniors housing communities was from $20,000 to over $700,000 per unit. There are... Read More »
by Steve Monroe | Apr 11, 2018 7:01 am | Acquisitions, Financings
The CBRE National Senior Housing group flexed its muscles this week, closing two acquisition financings and an asset sale. First, Lisa Widmier represented HCP in its divestment of a 159-unit independent living/assisted living community in Beaumont, Texas, for an... Read More »