by Steve Monroe | Jan 13, 2020 6:00 am | Statistics
Some good news was recently released by NIC MAP, showing occupancy rates for stabilized seniors housing communities (independent living and assisted living) increasing by 10 basis points sequentially, but a four-basis point decline year over year. The assisted living... Read More »
by Steve Monroe | Jan 8, 2020 6:00 am | Acquisitions
Two recent CCRC sales prove the point that this market can thrive. You know one of my favorite refrains by now. CCRCs are not dead. And two recent transactions prove my point. At the end of December, David Reis and his Senior Care Development, together with their... Read More »
by Steve Monroe | Jan 7, 2020 5:11 pm | Acquisitions
No one said it was going to be easy back in 2012 when an investor group took control of a large CCRC known as The Clare in downtown Chicago. Occupancy was just 34% when the community was sold out of bankruptcy, with its reputation tarnished in the local market during... Read More »
by Steve Monroe | Dec 30, 2019 6:00 am | Acquisitions
We told you that the folks at Newmark Knight Frank were going to have a big year end, and in the days just before Christmas they closed four transactions worth about $550 million in total. Not a bad way to end the year, and we hope they are all off on vacation until... Read More »
by Steve Monroe | Dec 18, 2019 6:00 am | 60 Seconds, Opinion
Young people flock to see septuagenarians perform because they are rock stars. But aren’t all 70-somethings rock stars in some one’s mind? Asking if Ageism is dead might seem like a funny question. We see ageism every day. But last week I was fortunate... Read More »