by Steve Monroe | Nov 3, 2017 7:01 am | Acquisitions
Marcus & Millichap’s Mike Pardoll crisscrossed the Southeast to close two transactions. First, Mr. Pardoll sold a 99-unit independent living community in Durham, North Carolina for $15.8 million, or about $160,000 per unit, with a 6.3% cap rate. Originally built... Read More »
by Steve Monroe | Nov 3, 2017 7:00 am | Acquisitions
A private regional owner/operator purchased a skilled nursing/independent living facility in Paxton, Illinois with major plans to overhaul operations. The facility, built in 1962 with additions in 1975, 1988 and 1995, was owned by a faith-based not-for-profit and... Read More »
by Steve Monroe | Nov 2, 2017 8:41 pm | Acquisitions
Evans Senior Investments (ESI) successfully sold a 92-unit assisted living/memory care community, for an undisclosed price, in Greendale, Wisconsin (about 10 miles south of Milwaukee). Built in 1998, with additions in 1999 and 2010, this three-building campus includes... Read More »
by Steve Monroe | Nov 1, 2017 7:02 am | 60 Seconds, Opinion
We have heard more about REITs and their skilled nursing troubles, but LTC Properties’ announcement a month ago has been followed by a much larger seniors housing problem at Ventas. At first, everyone thought it was the skilled nursing sector that was going to... Read More »
by Steve Monroe | Nov 1, 2017 7:01 am | Acquisitions
Washington State-based Morningdew, LLC is looking to expand its presence in Florida, and just added a third property to its portfolio in the Sunshine State. Built in 1998 in Summerfield (just north of The Villages), the assisted living community has 46 beds in 42... Read More »