by Steve Monroe | Mar 23, 2018 7:00 am | Acquisitions
The seller of a 54-unit assisted living/memory care community in the Philadelphia MSA got more than it originally bargained for, having been able to provide acquisition financing for the buyer too. Three years prior, a portfolio bridge lender had taken over ownership... Read More »
by Steve Monroe | Mar 22, 2018 3:32 pm | Financings
Switching around lending partners, a joint venture between Bourne Financial Group and Cascadia Senior Living recapitalized and refinanced their 138-unit assisted living/memory care property in Kennewick, Washington, with the help of CBRE’s Aron Will. The memory care... Read More »
by Steve Monroe | Mar 21, 2018 7:02 am | 60 Seconds, Opinion
Too much focus on Medicare margins results in MedPAC’s recommendations ignored every year. The Medicare Payment Advisory Commission (MedPAC) does a lot of worthwhile research as it relates to health care and Medicare. But the commissioners must get tired of... Read More »
by Steve Monroe | Mar 21, 2018 7:01 am | Developments, Financings
Sarasota, Florida, is getting another seniors housing development, set to open in 2019. The resort-style community will feature 82 independent living, 56 assisted living and 34 memory care units, along with a host of amenities that include a variety of dining options,... Read More »
by Steve Monroe | Mar 21, 2018 7:00 am | Statistics
One would think that the newer skilled nursing facilities would sell with lower cap rates, but that has not always been the case. As can be seen in the graph below (from the just-published 23rd Edition of The Senior Care Acquisition Report), in three of the past five... Read More »