• 2nd Quarter Investor Call: The Great Debates of Senior Care

    On Thursday, July 17, Managing Editor of The SeniorCare Investor Ben Swett hosted SCI’s latest webinar, dubbed The Great Debates of Senior Care, with panelists ​​Dan Revie of Ziegler, Scott Hougham of Sage, and Michael Feinstein of Focus Healthcare Partners. Issues such as the chances of having a unit shortfall, whether cap rates are too low, the... Read More »
  • Ventas Acquires in Washington State

    Ventas expanded its portfolio through a recent acquisition of a seniors housing community in Washington State. Built in 2003, MorningStar at Silver Lake is in Everett, Washington, with 113 independent living and 35 assisted living units. The in-place operator will continue to manage the community going forward. MorningStar Senior Living has been... Read More »
  • Chicago Pacific Founders Acquires Class-A Communities

    Berkadia handled the sale and financing of two Class-A independent living, assisted living, and memory care communities: Grand Living at Citrus Hills and Grand Living at Bridgewater. The pair of seniors housing communities have a combined total of 337 units, and are located in Hernando, Florida, and Coralville, Iowa, respectively. Managing... Read More »
  • Blueprint Closes Lease-to-Purchase Transaction

    A large New York-based seniors housing owner engaged Blueprint to explore the sale of an 80-unit assisted living/memory care community in Harrisburg, Pennsylvania. Kory Buzin and Steve Thomes handled the transaction. Ownership acquired the asset several years prior while in distress and brought on Viva Senior Living as manager to execute a... Read More »
  • BHI Provides Bridge Loan

    BHI, the U.S. branch of Bank Hapoalim B.M., provided $49 million in bridge-to-HUD financing for a portfolio of three seniors housing communities in the suburbs of Detroit. The portfolio consists of Hampton Manor of Dundee, Hampton Manor of Trenton and Hampton Manor of Hamburg. Together, the communities total 221 units, with 171 assisted living... Read More »
Mid-Year Update: Senior Care M&A Valuations (Sponsored by HealthTrust)

Mid-Year Update: Senior Care M&A Valuations (Sponsored by HealthTrust)

The SeniorCare Investor presented the latest M&A and valuation statistics derived from its proprietary database, updated for the last four-quarter period, in its latest webinar, Mid-Year Update: Senior Care M&A Valuations. Panelists Colleen Blumenthal, MAI Chief Operating Officer of HealthTrust, Joel Mendes, Managing Director, JLL, Seniors Housing Capital Markets, and Josh Simpson, Managing Director of Meridian Capital Group, discussed current trends in the market, potential pitfalls to avoid in the dealmaking process and 2025 M&A strategies with moderator Ben Swett, Managing Editor of The SeniorCare Investor. Read More »
60 Seconds with Swett: M&A and Financing Markets Breaking Loose

60 Seconds with Swett: M&A and Financing Markets Breaking Loose

We have to say that there seems to be a good amount of optimism out there, despite an uncertain economy, an unsettling election cycle and constant pressure on operators to increase census and cash flow. Rates have a lot to do with it, as the 10-Year Treasury rate appears to have settled below 4% and expectations of one and more likely two rate cuts are increasingly becoming consensus. That is far from a sure thing, but we have heard that even one rate cut could be enough to bring a lot of buyers, sellers and lenders back into the fold, with the reasonable assurance that rates have started their descent. We also spoke with a couple of lenders who described a much healthier debt and equity... Read More »
Brookdale Senior Living Disappoints Investors

Brookdale Senior Living Disappoints Investors

In a quarter where most providers and REITs are delivering some very good numbers in their seniors housing portfolios, Brookdale Senior Living disappointed investors with a lackluster second quarter. Yes, metrics continue to be on an upswing, but not as up as they should be, and not as up as their peer group. Consolidated weighted average occupancy increased 160 basis points to 78.1% in the quarter, but increased just 20 basis points sequentially. Same-community operating margin increased by 160 basis points year over year, based on a revenue increase of 6.0% and a much smaller 3.6% increase in expenses. All good news. Second quarter adjusted EBITDA increased by 20.2% year over year, but... Read More »
Mid-Year Update: Senior Care M&A Valuations (Sponsored by HealthTrust)

2nd Quarter Investor Call Recording

On Wednesday, July 24, The SeniorCare Investor hosted its Second Quarterly Investor Call, discussing the latest seniors housing and care M&A data, relevant case studies on recent transactions, and audience questions. Ben Swett, Managing Editor of The SeniorCare Investor, moderated the conversation with panelists Ross Sanders, Managing Director, Investment Sales Seniors Housing & Healthcare of Berkadia, Rick Swartz, Senior Managing Director, Seniors Housing Group Leader of JLL, and Hank Fuller, Director of Evans Senior Investments. Read More »
Mid-Year Update: Senior Care M&A Valuations (Sponsored by HealthTrust)

Case Studies & Conversation at the 2nd Quarterly Investor Call

The second edition of the Quarterly Investor Call, hosted by The SeniorCare Investor, scheduled for July 24th, is coming at a pivotal time in the seniors housing and care industry as the M&A market is on track to set a record for transaction activity in any given year, and by a healthy margin. It may shock some of you that we are witnessing the busiest M&A period in the history of the industry. It may be shocking because the effective federal funds rate is above 5% and the 10-year Treasury rate has been hovering above 4% for much of the previous year. Also shocking because of the many roadblocks to transactions in place today, from extended due diligence to financing difficulties... Read More »
60 Seconds with Swett: 2024 On Track for Record M&A Year

60 Seconds with Swett: 2024 On Track for Record M&A Year

We have been saying for the past few months that we are currently on a record pace of M&A activity for seniors housing and care properties, and our preliminary results for the first half of the year show 334 publicly announced transactions. That is not only a record for any six-month period, but it is about 100 deals higher than the 236 recorded in the first half of 2023 and surpasses the 299 deals reported in the first half of 2022. Annualized, that puts 2024 deal volume at 670 transactions, which would also clearly be a record and more than 100 transactions higher than the previous annual record of 559 deals in 2022. And looking at Q2 alone, we recorded 183 transactions, which puts... Read More »