by Steve Monroe | Sep 25, 2023 9:04 am | Developments
Back in June, newly formed Senior Living Transformation Company (SLTC), in a joint venture with Omega Healthcare Investors, purchased a 114-unit senior living community in Brentwood, Tennessee for about $11 million, or $96,500 per unit. They consider that to be a... Read More »
by Steve Monroe | Sep 12, 2023 3:47 pm | Developments
Ventas has been an incredible success story, both in terms of the company itself and its stock. But most of the “incredible” for the stock occurred many years ago. Ten years ago, its share price was about $70, and currently it is about $40. It has averaged close to... Read More »
by Steve Monroe | Sep 12, 2023 3:45 pm | Developments
Brookdale Senior Living just announced its August occupancy levels, and it has been a good summer so far. But the third quarter has always been the best quarter of the year for census increases for the entire sector, so we expected some good news. If not, that would... Read More »
by Steve Monroe | Sep 6, 2023 10:12 am | 60 Seconds, Developments
We already reported on the new proposed staffing requirements for nursing homes, coming at a time when most everyone in senior living is still struggling with finding enough staff, and paying for them. Coincident with the release of the proposed rules, USA Today... Read More »
by Steve Monroe | Aug 31, 2023 4:08 pm | Developments, Financings
Investment banking firm Ziegler just closed a $118.33 million bond financing for Emerald Heights, a not-for-profit CCRC in Redmond, Washington, with 333 independent living units (including apartments and cottages), 40 assisted living beds, 16 memory care units and 61... Read More »