by Steve Monroe | Oct 20, 2021 10:06 am | 60 Seconds
We lost a true patriot this week, Colin Powell, and I had the fortunate opportunity to meet him at my brother’s swearing in ceremony at the State Department. I think I committed a faux pas, however, as I brought his autobiography with me and asked him to sign it. I... Read More »
by Steve Monroe | Oct 20, 2021 10:00 am | Acquisitions
JLL Capital Markets sold a newly-built, 107-unit 55+ housing community in Maplewood, Minnesota known as Frost English Silver. The purchase price was $27.3 million, or about $255,140 per unit. The community has a variety of one- and two-bedroom... Read More »
by Steve Monroe | Oct 14, 2021 4:50 pm | Opinion
Historically, the third quarter is always the best quarter for census growth, and it has generally been a good quarter for most senior living providers. But September has seen a bit of a slowdown, which does not bode well for the fourth quarter. The summer jump in... Read More »
by Steve Monroe | Oct 1, 2021 9:49 am | Opinion
With so much activity around some alternative restructuring opportunities being offered for Capital Senior Living, it is no wonder they decided to postpone the shareholder meeting to vote on the Conversant Capital proposal. The new date is October 22, 10 days later... Read More »
by Steve Monroe | Sep 22, 2021 10:44 am | Opinion
Family-run senior living communities have had a long history in our industry, but perhaps not many as long as the Rauls family in Georgia. Going back to their grandfather, who owned and operated one of the first nursing homes in Georgia more than 60 years ago, for... Read More »