Great Financing Product For Acquisitions
Bridge loans are becoming increasingly important for acquisitions and renovations projects. Find out the details on this important webinar. If you are in the market for acquisitions, especially value-add acquisitions, or you want to do some major renovations on your existing building, do I have a financing product for you. I am talking about bridge loans, which are basically short-term loans to get you from point A to point B with your real estate. Their popularity has been increasing in the past few years, with more lenders and more types of products, providing even more liquidity to the seniors housing and care sector than before. Plus, some of the bridge lenders have created their own... Read More »
The Gold Standard A Bit Tarnished
A scathing article from The Washington Post discloses quality problems at HCR ManorCare before its sale to Welltower and ProMedica Health System. For those of you who missed the Thanksgiving weekend article from the Washington Post about poor care at HCR ManorCare’s nursing facilities in Pennsylvania, well, why ruin a great weekend? All kidding aside, it did not portray HCR ManorCare in a very good light, citing numerous cases of poor care and lack of staffing. But I am not sure if they were attacking HCR ManorCare itself, or The Carlyle Group, which owned the company at the time and did the $6 billion sale/leaseback which financially strangled them. Granted, most of the events cited in... Read More »
Giving Thanks
We all have a lot to be thankful for. What do I have to be thankful for. First, I want to thank everyone who helped fund our Walk To End Alzheimer’s campaign, where we raised more than $6,000, one of the higher team results in Connecticut. Not bad for our first year. Second, I am very thankful that I am not a CEO of a publicly traded senior living company. It has just been a difficult past two years, and it doesn’t look like it is going to be any better next year. It is a thankless job where sometimes no matter how hard you try, you just don’t get the results you want. Third, I want to thank all of you loyal subscribers. We try to give you the best information out there, with some context... Read More »
Brookdale Senior Living and Transparency
How transparent are the activist shareholders about what would happen to Brookdale Senior Living if it followed through on their recommendations? Not very. After spending four years being critical of practically everything Brookdale did since the acquisition of Emeritus, the one thing I did not criticize the company for doing was not selling off its owned real estate. Brookdale investor Land & Buildings has been all over management to sell some assets or the entire company. Now, with a 3.7% stake in Brookdale, Macquarie Group has sent a letter to shareholders urging the same thing, claiming the stock is trading at 50% of its asset value. What these “activist” shareholders don’t... Read More »
Does The Election Matter?
With Tuesday’s mid-terms, will there be any impact on seniors housing and care? First of all, this mid-term election matters in many ways. But I keep on getting asked whether it will have much of an impact on the seniors housing and care sector. My gut response is no, at least on the federal level. Over 30 years, I have never really heard that the sector has performed better or worse depending on which party controlled Congress. On the local level, however, it is a different story, where local voting and referendums can really have an impact on the sector. Take Maine, for instance. They had a vote yesterday to tax Mainers with income above $128,400 (apparently, 1.6% of the... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
