• Newmark Announces August Deal Activity

    Newmark announced its August activity, which totaled around $300 million of transaction volume. The largest deal was Spectrum Retirement’s sale of four seniors housing communities in the Columbus, Ohio MSA to an undisclosed institutional buyer. Opened in 2017 and early 2018, the portfolio totals 514 units of independent living, assisted living... Read More »
  • Several Companies Report August Occupancy Gains

    Several companies have released occupancy updates for the month of August, and there were some mixed results. However, for the most part, these top players reported large basis-point gains over several months, and even between July and August. This consistency among businesses bodes well for a return to normalcy in the skilled nursing and seniors... Read More »
  • Tryko Adds to Rhode Island SNF Portfolio

    Tryko Partners added to its Rhode Island skilled nursing portfolio with the acquisition of a 120-bed facility in North Kingstown. Named Scalabrini Villa, the one-story facility is set on a bucolic property facing Narragansett Bay. The Brown family (Brown University’s namesake) donated the site to Rhode Island Hospital, which... Read More »
  • Seattle Seniors Housing Community Wraps Up Construction

    Wesley Homes, Presbyterian Homes & Services (PHS) and Ryan Companies teamed up nearly three years ago to develop a large senior living community in Seattle, and has recently completed the project.  The 405,992-square foot senior living community, called Wesley at Tehaleh, exists within the master-planned community of Tehaleh by Newland... Read More »
  • MedCore Partners Divests Washington State Community

    After purchasing a portfolio of seven seniors housing properties from Ventas in July 2020, MedCore Partners is divesting one of the properties in Sedro-Woolley, Washington (about 75 miles north of Seattle). The 2020 acquisition comprised six other communities in Washington (Sequim, Olympia, Centralia and Tacoma) and California (San Juan... Read More »
New York Times Hits SNFs, Again

New York Times Hits SNFs, Again

The New York Times hit one of its favorite punching bags again with an article titled “Phony Diagnoses Hide High Rates of Drugging at Nursing Homes.” In it, the Times alleges that a loophole not requiring nursing homes to report antipsychotic prescriptions for three uncommon conditions, including schizophrenia, has led doctors associated with the facilities to false diagnose schizophrenia in patients with dementia. Since these patients require much more time and attention from an already overworked and underpaid staff, the Times reasons that SNFs would rather drug them than provide real dementia care. Some of the stats seemed damning. An analysis of Medicare data showed that schizophrenia... Read More »