• Public REIT Purchases Texas Class-A Seniors Housing

    Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the... Read More »
  • Eads Sells Its 24th & 25th Missouri Community

    Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or... Read More »
  • 60 Seconds with Swett: CMS Raises the Minimum Staffing Mandate

    On Monday, CMS came out with its final minimum staffing standards for nursing homes, but the eventual outcome is anything but final. Despite the outcry from nursing home providers from the previous proposed mandate of three hours per resident per day, asking simple questions like how can we pay for this and where will this newly needed staff come... Read More »
  • More Shareholder Activism

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »
  • Active Adult Expansion A Hit With Investors

    How often have we heard that new development is dead? Or that CCRCs (LPCs) are on their way out? Too often. But how often do you hear about an Active Adult expansion on a CCRC campus, and one with entrance fees? Not often enough. That didn’t stop Three Pillars Senior Living Communities and Cain Brothers from putting together a plan that may... Read More »
Brookdale Census Holds Steady So Far

Brookdale Census Holds Steady So Far

We all know that historically the winter months have never been kind to nursing home census. Known as the flu season, occupancy tends to drop in the first quarter by 50 to 100 basis points, if not more. The same has been true for assisted living, especially since acuity levels started rising more than a decade ago. The one exception for some providers was during the pandemic recovery, when census was ramping up at unprecedented rates in general, and the flu was nothing compared with COVID. Brookdale Senior Living just announced its February occupancy results, and while they noted it was an improvement from “normal” pre-pandemic seasonality, first quarter-to-date occupancy declined by 40... Read More »
Brookdale Census Holds Steady So Far

Recovery Continues at Sabra Health Care REIT

After all the earnings reports for the fourth quarter 2023, we think it is safe to say the industry really has moved on from the pandemic. Not that the lasting effects have disappeared, as they may be with us for the rest of the decade, but most everyone seems to be getting back to “normal,” although at a different pace for each one. Sabra Health Care REIT is one of those that can safely be said to be on the safe side of the pandemic. With its fourth quarter earnings, it put out earnings guidance for 2024 for the first time since 2020. Like everyone else, Sabra and its tenants still have a way to go, but most everything is moving in the right direction.  What we like is that the lease... Read More »
Brookdale Census Holds Steady So Far

Nice Surprise For Diversified Healthcare Trust Shareholders

Readers know that Diversified Healthcare Trust has struggled in the past year or more, and even had a “going concern” issue where they were not sure if they would make it through the end of 2023, or so they told shareholders. The share price tanked, and management told investors if they did not agree to the merger with Office Properties Trust (controlled by the same people as DHC), that there was a good likelihood they would default on the debt that was coming due later in the year. A few shareholders took a stand against management, the institutional shareholder proxy services panned the merger as well, and the merger was canceled. The debt was refinanced, the share price took off and all... Read More »
Brookdale Census Holds Steady So Far

A Webinar Wrap-Up on 2023 M&A Valuations

The SeniorCare Investor recently hosted a webinar titled “2023 M&A Valuations and 2024 Predictions” with moderator Ben Swett, Managing Editor of SCI, Managing Director of Senior Living Investment Brokerage Bradley Clousing, Senior Managing Director and Head of Healthcare Services of Oxford Finance Tracy Maziek, and Principal of Scribner Capital James Scribner. After a chaotic and difficult year, in this webinar, the panelists dissected what exactly happened in 2023, how values changed and what motivated buyer and seller decisions. The webinar kicked off with a review of many statistics available in the soon-to-be-published Senior Care Acquisition Report, starting with how M&A... Read More »
2023 M&A Valuations and 2024 Predictions

2023 M&A Valuations and 2024 Predictions

Senior care owners, operators, brokers and lenders had to adapt to a rapidly changing lending and M&A landscape in 2023, but what new hurdles (or opportunities) will 2024 bring? Join The SeniorCare Investor and a panel of experts to get a sneak peek of the 2023 M&A valuation statistics and a preview of what is to come in the market. Read More »
National Health Investors Rocks The New Year

National Health Investors Rocks The New Year

Bucking the seasonality trend of January and first quarter blues, two of National Health Investors’ large seniors housing tenants posted increases in occupancy in January. Census at Senior Living Communities increased by 20 basis points in January to reach 83.3%. Meanwhile, Bickford Senior Living posted a 70-basis point sequential increase to 85.3%, matching the highest level it has seen in the past few years. The small SHOP portfolio of 15 communities was where the real growth occurred. January’s 30-basis point sequential increase to 84.7% was nice, but it was also 930 basis points higher than in January 2023. The fourth quarter saw a 420 basis-point sequential increase in occupancy and a... Read More »