• Sonida Senior Living Grows For The Future

    by | Mar 18, 2025 3:34 pm | Opinion

    The last to report 2024 earnings in our sector, Sonida Senior Living turned in a decent fourth quarter, but maybe not as good as they were hoping for. They are looking to the future, however, and not past performance, and are gearing up for growth.  While the same-community occupancy of 86.6% in the fourth quarter is certainly above average... Read More »

  • 60 Seconds with Swett: The Demand for SNFs

    by | Mar 18, 2025 3:06 pm | 60 Seconds, Opinion

    We had a fantastic webinar last week that covered our recently published valuation statistics from The Senior Care Acquisition Report but also how valuations, the lending environment and M&A strategies are changing in 2025, so far. Jason Punzel of Senior Living Investment Brokerage, Steve Munn of VIUM Capital and JP LoMonaco of CBRE joined me... Read More »

  • NHI Acquires in New Jersey

    by | Mar 18, 2025 3:05 pm | Acquisitions

    National Health Investors invested $46.3 million, or $386,000 per unit, inclusive of transaction costs, for the acquisition of a seniors housing community in Bergen County, New Jersey. Juniper Village at Paramus comprises 98 assisted living and 22 memory care units. The community has been operated by Juniper Communities since February 2021. The... Read More »

  • Growing Owner/Operator Acquires Illinois SNF/SLF

    by | Mar 18, 2025 3:04 pm | Acquisitions

    Andrew Montgomery of Montgomery Intermediary Group announced a couple of transactions in Illinois and Mississippi. First was for a skilled nursing/supportive living facility in a small, rural Illinois market. The facility features over 130 SNF beds and SLF units and sold to a large owner group that invested alongside a growing owner/operator in... Read More »

  • Berkadia’s Recent Activity

    by | Mar 18, 2025 3:03 pm | Acquisitions, Financings

    Berkadia Seniors Housing & Healthcare handled two separate transactions in Michigan and Tennessee. First, Berkadia sold and secured financing for Clinton Creek Assisted Living and Memory Care. The community is in the Detroit MSA and was 90% occupied at closing. It was financed with a bridge-to-HUD loan, representing 67% of the purchase price.... Read More »

Why do skilled nursing values continue to soar?

by | Apr 1, 2015 8:05 pm | Opinion, Statistics

In the last year, we have seen more skilled nursing deals valued above $100,000 per bed than ever before. That number of deals in turn drove up the average price per bed for SNF deals to a record high in 2014, to $76,500 per bed. But what was it about these facilities that drove up their valuations to new heights? For one, they were newer. Facilities built in the past 20 years sold for an average price of $111,900 per bed, compared to facilities built between 20 and 40 years ago ($72,400 per bed) and 40 years and older ($75,700), according to the just-published 2015 Senior Care Acquisition Report. We will see how SNFs evolve over time, and what will happen to those 1960s and 1970s... Read More »

Occupancy Increases in 4th Quarter

by | Jan 13, 2015 5:35 pm | 60 Seconds, Opinion, Statistics

Assisted living and independent living occupancy rates continue to increase. It’s always nice to start the New Year with a little good news, and the good news I am talking about is the sequential and year-over-year increases in occupancy rates across seniors housing. The NIC MAP data has shown the largest increases to be in independent living, which makes sense since there are fewer new units coming on stream. The odd thing from the data is that occupancy levels in the primary 31 markets averages about 40 to 50 basis points lower than the other 68 markets covered by NIC MAP. A similar phenomenon exists with construction starts as a percentage of supply. In the top 31 markets, trailing... Read More »

Memory Care slowing down?

by | Nov 20, 2014 4:41 pm | Developments, Statistics

Have we begun to see a slowdown in the interest in building memory care? The last few weeks, we have been hearing some rumblings of developers beginning to be even more cautious, if not dismissive, of constructing stand-alone memory care centers or memory care units within assisted living in certain markets. Last week, we wrote of an assisted living community undergoing a $4.5 million expansion, in which the developer planned to nearly double its assisted living capacity, while taking away one memory care unit. What influenced this decision was the number of AL inquiries the developers received, and the fact that the Cleveland, Ohio market already had plenty of new memory care communities,... Read More »