by Steve Monroe | Oct 13, 2017 7:02 am | Acquisitions
Senior Living Investment Brokerage’s Brad Clousing successfully sold a 36-unit assisted living community in Port St. Lucie, Florida, that has plenty of room for expansion. Seizing that opportunity was a South Florida-based owner/operator, which acquired the community... Read More »
by Steve Monroe | Oct 13, 2017 7:01 am | Financings
A skilled nursing facility in Oak Brook, Illinois (Chicago MSA) that has undergone several changes in recent years refinanced its debt with Capital One. Built in stages from 1971 to 1989, with a therapy gym constructed in 2007, the facility is currently owned by a... Read More »
by Steve Monroe | Oct 13, 2017 7:00 am | Acquisitions
There’s a new entrant to the skilled nursing market. Northeast-based Pyramid Healthcare Management is a recently formed provider, run by two principals in New York and a Tennessee-based principal with operating experience. That will come in handy with the company’s... Read More »
by Steve Monroe | Oct 12, 2017 7:00 pm | Financings
MidCap Financial is back in the news, having provided a $17.5 million bridge-to-HUD loan to an assisted living/memory care community in Reno, Nevada. The three-year, floating-rate loan will take out construction debt and recapture equity in the property, which was... Read More »
by Steve Monroe | Oct 11, 2017 7:03 am | 60 Seconds, Opinion
Despite reimbursement pressures and dropping occupancy levels, investment demand for SNFs remains high. But why? Do you want to find out who is investing in skilled nursing facilities and why? Perhaps you may be asking, who would invest in the SNF sector today when... Read More »