by Steve Monroe | Jul 26, 2017 7:01 am | Acquisitions
The future for a 40-year old skilled nursing facility is not rosy, as we have discussed recently, and with every passing year, it becomes bleaker. These facilities face new competition in the form of short-term rehab and transitional care facilities, which feature... Read More »
by Steve Monroe | Jul 26, 2017 7:00 am | Opinion, Statistics
For the four quarters ended June 30, 2017, skilled nursing, assisted living and independent living properties remained at or near their all-time high values, while cap rates decreased across the board. A quarter does not make a trend, but across the seniors housing... Read More »
by Steve Monroe | Jul 25, 2017 7:30 pm | Financings
Housing & Healthcare Finance’s Capital Advisory Group has certainly been a success since its launch nearly two years ago. Focusing on bridge loans and credit facilities, the program has closed over $650 million in transactions, so far. Isaac Haas and Neil Gamss,... Read More »
by Steve Monroe | Jul 24, 2017 7:52 pm | Acquisitions
Check out our recent senior care M&A transactions! Long-Term Care AcquirerTargetPrice Investment GroupGenerations Assisted Living and Wellness$8 million Real estate investorSable Care & Rehabilitation Center$5.4 million Summit Healthcare REIT, Inc.Pennington... Read More »
by Steve Monroe | Jul 21, 2017 7:02 am | Acquisitions
Brian Clark of Heavenrich & Company just sold a 77-unit assisted living/memory care community in Chandler, Arizona (Phoenix MSA) for $13.4 million, or about $174,000 per unit. Mr. Clark represented the stand-alone not-for-profit seller, Pennington Gardens, in the... Read More »