Who Is Investing In Skilled Nursing Facilities?
Despite reimbursement pressures and dropping occupancy levels, investment demand for SNFs remains high. But why? Do you want to find out who is investing in skilled nursing facilities and why? Perhaps you may be asking, who would invest in the SNF sector today when reimbursement pressures are growing, labor shortages are hurting, occupancy levels are dropping, and costs in general are rising faster than reimbursement? Actually, a lot of companies are investing in the sector. In fact, in the third quarter, 46% of the targets in the M&A market were skilled nursing facilities or portfolios. And the third quarter was not particularly unusual in this regard. The market remains quite vibrant... Read More »
Takeaways From Fall NIC Conference
Last week’s NIC conference displayed the growing divergence of opinion on the state of the seniors housing and care market. A lot of people have asked me what I thought about the recent NIC conference in Chicago. Well, I have been covering the seniors housing and care sector for 30 years, I have attended all 27 fall conferences, but never have I heard such divergent opinions regarding the state of the market as I did last week. On the one side, you have those who are hoarding their cash, or raising new money, waiting for the market to take a plunge so they can take advantage of cheap prices. Most of these people have been around for a while, and like me, let their historical... Read More »
Welcome to NIC 2017
Welcome to the 2017 Fall NIC Conference, where the buzz is Sabra’s latest acquisition activity, REIT concerns, labor and overdevelopment. Read More »
Skilled Nursing Facility Irma Fall-Out
Eight horrible deaths in one skilled nursing facility should not result in new regulations. By now we have all heard about the disaster at the skilled nursing facility in Hollywood, Florida where eight residents died from the heat during Hurricane Irma. It never should have happened, and we all have to wonder what the staff was thinking when inside temperatures soared and vital signs hit the danger zone. What we should have expected is politicians, regulators and other groups demanding more staffing so something like this does not happen again. While I agree that this should never happen again, I don’t agree that staffing levels should be re-evaluated as a result of one horrible event. And... Read More »
REIT Financing: RIDEA or Sale/Leaseback
As healthcare REITs get ready to invest in 2018, it will be important for owners to know whether to go the traditional sale/leaseback route, or the newer RIDEA structure. Many of you have noticed that the volume of healthcare REIT financing has been lower the past couple of years, especially for those REITs that have been restructuring their portfolios. That is going to change. I suspect we will be seeing a turnaround in activity next year, and when that happens, it is best to be prepared. But prepared for what? Will customers want to continue with the traditional sale/leaseback structure that has been around for more than four decades? Or maybe a different twist on the old product? What... Read More »Schedule a demo
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