• Brookdale Occupancy Stalls

    Brookdale Senior Living released its November occupancy results, and its census growth has stalled this Fall. In its consolidated portfolio, weighted average occupancy fell by 10 basis points from 82.6% in October to 82.5% in November, while month-end occupancy dropped more significantly from 83.7% to 83.4%. Same-community results were not... Read More »
  • Well-Performing Facility Sells for Strong Price

    A rare skilled nursing and behavioral health facility in Tucson, Arizona, sold for a strong price to a partnership between a regional healthcare equity investor and a national skilled nursing operator. Featuring more than 140 beds, the facility is licensed by the state for both medical and behavioral health services, being the only SNF in the... Read More »
  • AL Community with Attached SNF Trades

    An assisted living community with an attached, vacant 65-bed skilled nursing facility in Faribault, Minnesota, sold with the help of Ray Giannini of Marcus & Millichap. Built in 1998, Pleasant View Estates features 36 units and a 75% elderly waiver census. The community was well-occupied and operated at a strong margin. It was previously... Read More »
  • Regional Bank Funds Dallas Development

    Construction projects, although rare, can still get done these days. Tremper Capital Group successfully secured an $84 million non-recourse loan from a regional bank to fund a development in the Dallas, Texas MSA. The 164-unit independent living, assisted living and memory care project is being built by Harbert South Bay Partners in the... Read More »
  • UMRH Expands Two CCRCs in North Carolina

    Ziegler closed The United Methodist Retirement Homes’ (UMRH) $92.125 million Series 2025A, 2025B and 2025C bonds. UMRH is a North Carolina-based not-for-profit corporation that owns and operates three CCRCs in North Carolina: Croasdaile Village Retirement Community in Durham, Wesley Pines Retirement Community in Lumberton, and Cypress Glen... Read More »
Coast-To-Coast Closings From CBRE

Coast-To-Coast Closings From CBRE

Aron Will of CBRE continued his recent run of activity with two more transactions. Up first was a bank financing arranged on behalf of a joint venture between Bourne Financial Group and HRA Senior Living to refinance their newly-built 96-unit assisted living/memory care community in Wilmington, Delaware. The high-quality community boasts an upscale salon and spa, as well as a bocce court, yoga and fitness studios. It’s also located near two large shopping centers. CBRE secured a $25.5 million, five-year non-recourse loan with 36 months of interest only shortly after the property received its certificate of occupancy. Estimated lease-up figures in the affluent area must have been... Read More »
Private Evening in NYC

Private Evening in NYC

Members of the American Seniors Housing Association and subscribers to The SeniorCare Investor gathered in New York City on the night of the Rockefeller Center tree lighting in an intimate setting at The Penn Club to hear what Rick Atlas (Atria Senior Living), David Reis (Senior Care Development) and Scott Stewart (Capitol Senior Housing) had to say about investing in seniors housing today. While all three were very bullish on the future of the seniors housing business and long-term investment values, there were certainly differences of opinion as to where they see strength. For example, David Reis stated that not only is the CCRC model alive and well, but several of his CCRCs are... Read More »