by Steve Monroe | Jan 12, 2018 7:01 am | Developments
With its latest seniors housing development in Georgia, Watercrest Senior Living Group is also adding a new partner to its growing roster of development/equity partners. Waypoint Residential, a real estate investment firm focused on multifamily and student housing, is... Read More »
by Steve Monroe | Jan 12, 2018 7:00 am | Acquisitions
New Jersey-based private equity firm Tryko Partners, just added a third Pennsylvania property to its portfolio in a deal handled by Toby Siefert and Ryan Saul of Senior Living Investment Brokerage. Located near Philadelphia, the 129-bed skilled nursing facility was... Read More »
by Steve Monroe | Jan 11, 2018 3:22 pm | Developments
LCB Senior Living is venturing outside of New England for the first time with the help of a construction loan arranged by Cushman & Wakefield. The property in question, located in Chadds Ford, Pennsylvania (Philadelphia/Wilmington MSA), will have 84 units of... Read More »
by Steve Monroe | Jan 10, 2018 7:02 am | 60 Seconds, Opinion
One family wins a $30 million verdict after citing irresponsibly poor care. In case you missed it, The New York Times had yet another expose on the skilled nursing sector, this time blaming private companies for setting up separate entities that provide services,... Read More »
by Steve Monroe | Jan 10, 2018 7:01 am | Opinion
We are sure that management at HCP, Inc. is happy that they spun out the HCR ManorCare assets to a new REIT, since they have not had to deal with the continuing rent shortfall, which started when HCP still owned the assets. But leveraged investments of any kind seem... Read More »