by Steve Monroe | Jan 20, 2020 9:56 am | Acquisitions
The Cushman & Wakefield team led by Rick Swartz, Jay Wagner and Aaron Rosenzweig ended 2019 with a bang. In the last six weeks of the fourth quarter, they closed eight separate sales involving 18 properties and 1,908 units for a total consideration in excess of... Read More »
by Steve Monroe | Jan 15, 2020 9:27 am | 60 Seconds, Opinion
Shares of Five Star Senior Living have soared by more than 60% this year, leaving everyone guessing. Right after all the restructuring was completed at year end between Five Star Senior Living and its landlord, now recently re-named Diversified Healthcare Trust, Five... Read More »
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 »