• Community First Solutions Acquires Again in Ohio

    Ziegler was engaged by Marquee Capital, the real estate company affiliated with Marcus Investments, LLC, the Marcus’ family office, in the sale of its seniors housing community in Mason, Ohio. Built in 2020, BrightStar Senior Living of Mason sits on 3.2 acres with 41 assisted living and memory care units. The community was well occupied at 90%,... Read More »
  • Joint Venture Acquires Nashville Active Adult Community

    An active adult community in Germantown, Tennessee, found a new owner thanks to the team at Newmark. Built in 2020, Avenida Watermarq is a 161-unit, Class-A active adult community in an affluent suburb of Nashville. There are one- and two-bedroom options averaging 919 square feet per unit. Occupancy was 87%. Inspired Real Estate Partners and GEM... Read More »
  • Institutional Owner Divests Ohio Facility

    Evans Senior Investments arranged the sale of a skilled nursing facility in Ohio on behalf of an institutional owner looking to exit the market. The facility comprises 88 beds and 20 independent living units, which served as a referral source for the nursing home. The buyer was a regional owner/operator that is actively expanding in Ohio. This is... Read More »
  • Strawberry Fields Completes Missouri SNF Portfolio Acquisition

    Strawberry Fields REIT, Inc. announced that it completed the acquisition of nine skilled nursing facilities comprising 686 beds in Missouri for $59 million, or $86,000 per bed. The REIT completed the acquisition using cash on hand and the issuance of approximately $2.0 million in OP Units of Strawberry Fields REIT LP to the seller. Eight of the... Read More »
  • Macquarie Asset Management Launches Health Wave Partners

    Macquarie Asset Management, which has over 35 years of experience in the real estate sector and a current network of 15 specialist operator investments globally, announced the launch of Health Wave Partners, a seniors housing platform aimed at targeting investments in modern seniors housing assets alongside established operators. The platform... Read More »
Some Providers Still Stuck In Pandemic Swamp

Some Providers Still Stuck In Pandemic Swamp

Diversified Healthcare Trust reported on the December performance of its seniors housing operators, and let’s just say it seems that little progress has been made.  In the seniors housing operating portfolio (SHOP) operated by Aleris/Five Star, with 117 communities and 16,951 units, in 2023 census increased by only 240 basis points to 80.4% in December. But that is not the major problem. The average monthly rate has held fairly stable, ending the year at $4,429 compared with $4,278 in January last year. The problem has been expenses, which increased by 11% over the year, jumping by 5% from November to December alone. That resulted in a plunge in NOI in December to $4.0 million,... Read More »
300 Seconds with Steve Monroe: Here We Go Again

300 Seconds with Steve Monroe: Here We Go Again

Whenever there are headlines about anything in senior care, we can always count on Senate hearings, with a lot of unfounded accusations and unrealistic recommendations. This usually leads to a new commission being formed, the results of which are delivered a year later in 300 pages that no one reads, except perhaps Richard Mollot of the Long Term Care Community Coalition. But that is his job. It is doubtful Liz Warren will read it. Let me start with Richard Mollot, who apparently claimed at the January 25th Senate hearing that there is a crisis in assisted living, and compared assisted living today with nursing homes in the 1970s and 1980s. Really? Did he ever go into a nursing home back... Read More »
2023 U.S. Deal Activity Nears 450 Transactions

2023 U.S. Deal Activity Nears 450 Transactions

The preliminary numbers are in, and the 2023 senior care M&A market ended up healthier than most would have predicted at the start of the year. U.S. transaction volume, based on deals that have been publicly announced but not necessarily closed (although most deals are completed by the time they are disclosed to us), reached 441 deals in 2023. That is 15% down from 2022’s domestic volume of 517 transactions, but it surpasses 2021’s deal volume of 427 transactions by 3%.  Given the pullback in liquidity, the rapidly changing capital costs, economic uncertainty and collapse in cash flow at communities across the industry, a more precipitous drop in M&A volume could have been... Read More »
An Investor’s Guide to 2024: Buy, Sell, Finance & Thrive in Senior Care

An Investor’s Guide to 2024: Buy, Sell, Finance & Thrive in Senior Care

An Investor’s Guide to 2024: Buy, Sell, Finance & Thrive in Senior Care is a deep dive into the 2024 investment landscape in the seniors housing and skilled nursing sectors. Gain valuable insights, market analysis and strategic guidance to seize opportunities and navigate potential challenges in the long-term care market. The panelists included: Ben Swett, Managing Editor, The SeniorCare Investor (moderator) Bryan J. Lockard, MRICS, Executive Managing Director, U.S Healthcare & Alternative Real Estate Lead, JLL Value and Risk Advisory Jason Punzel, Managing Director, SLIB Chris Hollister, Co-Founder, CEO and Chair, Pegasus Senior Living Austin Sacco, Managing... Read More »
60 Seconds with Monroe: Happy Thanksgiving

60 Seconds with Monroe: Happy Thanksgiving

Rarely does the entire clinical staff at a nursing home walk out in protest of working conditions, but that was the case a few months ago in New Mexico. I was made aware of it when I received a call from an 82-year old woman in New Mexico who volunteers to help the elderly make decisions who are at the end of their life.  The manager is a company called OpCo NM, very original, and apparently they have been buying up nursing homes in New Mexico. She believed the people running it were formerly associated with Skyline Healthcare, the company that walked away from more than 100 leased nursing homes after sucking all the cash from them. While I could not verify the connection, given what... Read More »
Skilled Nursing M&A in 2023 and Beyond

Skilled Nursing M&A in 2023 and Beyond

​​​​On October 19, 2023, The SeniorCare Investor’s Ben Swett moderated a panel of skilled nursing experts from the lending, brokerage, and operating worlds to discuss why the SNF M&A market peaked in 2022, why the sector is struggling more now, and what they would do as SNF investors in 2024. Subscribers can view the entire webinar here. Read More »