• Invesque Inches Closer to SNF Exit

    by | Mar 17, 2023 4:04 pm | Acquisitions | 0 comments

    Invesque released its fourth quarter and full-year 2022 earnings, and announced that it is making progress in its refocus towards a private pay, seniors housing portfolio. During the fourth quarter and subsequent to year-end, Invesque sold or entered into a purchase and sale agreement for two medical office buildings for a combined $12.03... Read More »

  • Carnegie Capital Secures SNF Bank Refinance

    by | Mar 17, 2023 4:00 pm | Financings | 0 comments

    JD Stettin of Carnegie Capital closed a bank refinance for a 90-bed skilled nursing facility in north central Texas. Built in the 1980s, the facility was acquired by the borrower less than two years ago. It was occupied in the high-80s, and while cash flow was positive (with around 30% of its NOI derived from QIPP revenue), it did not cover debt... Read More »

  • The Mogharebi Group Closes Seniors Housing Sale

    by | Mar 17, 2023 3:58 pm | Acquisitions | 0 comments

    A Los Angeles-based private real estate investment group acquired a 284-unit seniors housing community in Wildomar, California, from Craig Thralls, a local developer. The Mogharebi Group represented Mr. Thralls in the transaction. An entity linked to Positive Investments was the buyer.  Built in 2000, Wildomar Senior Leisure Community features... Read More »

  • Active Adult and Its Impact on Seniors Housing

    by | Mar 17, 2023 11:09 am | Acquisitions | 0 comments

    Active adult is rapidly emerging as a major subsector within seniors housing, but what are the companies making the biggest plays, how do buyers and lenders value these properties, and what will be the impact on the other seniors housing subsectors? The SeniorCare Investor’s Managing Editor Ben Swett sat down with Mark Myers of Walker &... Read More »

  • Joint Venture Teams Up on Orange County Development

    by | Mar 16, 2023 2:48 pm | Developments | 0 comments

    MorningStar Senior Living, Confluent Senior Living and Concord Development Partners have completed a 166,000-square-foot senior living community in Mission Viejo, California. The 132-unit community, MorningStar of Mission Viejo, broke ground in March 2021 and actually completed ahead of schedule, which does not happen often.  There are studio,... Read More »