by Steve Monroe | Sep 8, 2017 7:00 am | Acquisitions
The start of September saw a large number of skilled nursing acquisitions announced, mostly at lower prices, with the exception of CareTrust REIT’s purchase of seven SNFs in Idaho for $65.5 million, or $114,700 per bed. Another deal, facilitated by Ben Firestone and... Read More »
by Steve Monroe | Sep 7, 2017 7:44 am | Acquisitions
Continuing its strategy to own more of the real estate in its portfolio of over 200 healthcare properties, The Ensign Group bought two skilled nursing facilities in Arizona for an undisclosed price. Included in the purchase is an 88-bed facility in Mesa (Phoenix MSA)... Read More »
by Steve Monroe | Sep 6, 2017 7:03 am | 60 Seconds, Opinion
What if there is more to the decline in seniors housing occupancy than just new development? Sometimes it seems I just think too much about this industry. For instance, it has been bothering me that occupancy continues to decline, even in quarters when it should be... Read More »
by Steve Monroe | Sep 6, 2017 7:02 am | Acquisitions
Senior Living Investment Brokerage notched a few more sales in its belt this month, including two skilled nursing deals and an assisted living acquisition. First, Matthew Alley headed to the Mexican border in the town of Weslaco, Texas to close the sale of a 147-bed... Read More »
by Steve Monroe | Sep 6, 2017 7:01 am | Acquisitions
Cushman & Wakefield’s Senior Housing Capital Markets Group has sold another CCRC (LPC), this time in Arden, North Carolina. Known as Ardenwoods, it is a type “C” entrance-fee community that is located on 48 acres about 12 miles south of Ashville. The seller was a... Read More »