by Steve Monroe | Oct 25, 2017 7:01 am | Acquisitions
After 34 years of ownership, Masonicare is selling its large skilled nursing facility in Newtown, Connecticut, citing many of the issues facing small SNF operators today as the reasons for its exit. The Connecticut not-for-profit currently operates a senior living... Read More »
by Steve Monroe | Oct 25, 2017 7:00 am | Developments, Financings
With its roots in antebellum South Carolina, a 178-unit CCRC in West Columbia is repositioning itself for the future with a planned expansion of its skilled nursing and assisted living services. The South Carolina Episcopal Home at Still Hopes has been in operation... Read More »
by Steve Monroe | Oct 24, 2017 6:22 pm | Financings
The Capital Advisory Group at Housing & Healthcare Finance, led by Isaac Haas and Neil Gamms, has been hard at work closing over $100 million in bridge loans and a $7 million A/R line of credit in the last couple of months. The largest of the transactions took... Read More »
by Steve Monroe | Oct 20, 2017 7:03 am | Opinion
Seniors housing and care stocks remain in the dumps. There has been no Trump bump for them, as the rest of the market is up 16% since the beginning of this year. We should be only half as lucky. One would think that the skilled nursing dominated companies would have... Read More »
by Steve Monroe | Oct 20, 2017 7:02 am | Financings
Total HUD LEAN loan volume hasn’t yet reached the heights of its FY2014, when the program closed over $4.2 billion in loans in 484 transactions, but it is getting there. In its FY2017, lenders closed just over $3.4 billion in 310 deals, up 20% from FY2016’s $2.84... Read More »