by Steve Monroe | Aug 3, 2017 8:19 pm | Financings
In one of the largest financings of the July, Capital One provided a $77.7 million loan to Pacifica Companies to refinance nine seniors housing communities in Arizona, California, Florida, Oregon and Utah. The loan consists of $67.7 million in initial funding plus an... Read More »
by Steve Monroe | Aug 2, 2017 7:02 am | 60 Seconds, Opinion
New proposed reimbursement rules sent Kindred Healthcare and other home health stocks plunging, but it is necessary? Well, the home healthcare industry got hit with a jolt last week with proposed new reimbursement rules. The news sent Kindred Healthcare’s shares down... Read More »
by Steve Monroe | Aug 2, 2017 7:01 am | Acquisitions
Prelude Homes & Services has proven to be the gateway to the Minnesota senior living market for CareTrust REIT, which just exercised its option to purchase a second stand-alone memory care community in the Minneapolis-area from Prelude. Three years ago, CareTrust... Read More »
by Steve Monroe | Aug 2, 2017 7:00 am | Developments
Knoxville, Tennessee-based Dover Development has gone back to school on its latest senior living development projects. That is, the firm has specialized in renovating neglected historic buildings, including most recently a couple of former schools, into seniors... Read More »
by Steve Monroe | Aug 1, 2017 8:36 pm | Statistics
Partly due to historical precedent, we have always presented our cap rate analysis on an unweighted average basis, meaning that the cap rate for a portfolio of facilities would carry the same weight as that of a single 80-bed facility. For those who believe that... Read More »