by Steve Monroe | Oct 9, 2019 6:00 am | Financings
Running the agency gamut at the start of October, Greystone announced three financings it closed through Fannie Mae, Freddie Mac and HUD. First up, the firm refinanced an independent living community in Pearland, Texas (Houston MSA) with a 10-year, $37 million Fannie... Read More »
by Steve Monroe | Oct 4, 2019 6:02 am | Opinion
The proxy cards are in the mail to Brookdale Senior Living’s shareholders for the vote at the annual meeting, to be held on October 29, and it looks like CEO Cindy Baier has taken the gloves off. Brookdale has been fighting shareholder Land & Buildings’ nominee... Read More »
by Steve Monroe | Oct 2, 2019 6:03 am | 60 Seconds, Opinion
When NIMBYism hits home, and in my mailbox. I put some mail in my mailbox at home this morning (yes, I still use the USPS), and overnight someone slipped a “Dear Neighbors” letter in the box. It wanted to make us aware of a “massive” new development planned just two... Read More »
by Steve Monroe | Sep 30, 2019 9:16 am | Acquisitions
Check out our recent senior care M&A deals. Long-Term Care AcquirerTargetPrice WellQuest LivingThe Landing at Elk Grove$29.6 million CareTrust REIT, Inc.Vista del Lago$12.5 million Azria Health15 skilled nursing facilities$8 million Covenant Living Communities and... Read More »
by Steve Monroe | Sep 25, 2019 6:02 am | 60 Seconds, Opinion
Transaction volume is still running ahead of last year’s record, fueled by liquidity and low interest rates. As of yesterday, seniors housing and care acquisition volume was still running ahead of last year’s record-setting pace. We are well over 300... Read More »