New York Real Estate Firm Enters SNF Market

Patrick Burke of Senior Living Investment Brokerage sold a pair of southern skilled nursing facilities to a Northeast-based real estate investment firm. Totaling 243 beds, the facilities were built between 1986 and 1990 and combined for 75% occupancy. The seller, an independent owner/operator, decided to exit the long-term care industry, after the problems started mounting […]

HHC Finance Refinances New York-Area SNF

Several years after acquiring a 160-bed skilled nursing facility, an experienced owner/operator is refinancing with the help of Housing & Healthcare Finance. Working through HUD, HHC Finance closed a $28 million loan for the greater New York area facility, replacing higher-rate and shorter-term debt in the process. Since the acquisition, the owner has significantly improved […]

What Happened To Assisted Living Prices?

The assisted living sector fell back to earth in 2018 and dragged the rest of the seniors housing sector with it, according to the soon-to-be-published Seniors Housing Acquisition & Investment Report. Following three successive years of steady increases and a record-high price per unit in 2017 of $221,250, assisted living properties sold on average for […]