MedCore Partners Acquires Seniors Housing Portfolio
by Ben Swett | Jul 10, 2020 2:42 pm | Acquisitions | 0 comments
MedCore Partners and The National Realty Group announced their purchase of a seven-property senior living portfolio on the West Coast. The deal included five senior living communities in Washington State and two in California. Among the Washington properties were the 60-unit Birchview Memory Care in Sedro-Wooley, the... Read More »National Health Investors Secures Big Bank Financing
by Ben Swett | Jul 10, 2020 2:40 pm | Financings | 0 comments
Utilizing its bank relationships, National Health Investors boosted its liquidity with a $100 million term loan provided by a syndicate of eight banks. The one-year loan came with an interest rate of 30-day LIBOR + 1.85%, with a 0.50% floor. NHI also has the right to extend the maturity date by another year. Wells Fargo... Read More »Walker & Dunlop Lands HUD Financing For Two Senior Care Properties
by Ben Swett | Jul 10, 2020 2:40 pm | Financings | 0 comments
Two senior care properties obtained permanent HUD financing courtesy of Walker & Dunlop to replace their original acquisition debt. Joshua Rosen led the origination team on the transactions. Cascade Capital Group acquired the 136-bed supportive living facility in Aurora, Illinois earlier this year, thanks in... Read More »Recent Senior Care M&A Deals, Week Ending July 10, 2020
by Ben Swett | Jul 10, 2020 12:11 pm | Acquisitions | 0 comments
The start of the third quarter came with a flurry of deals. Check out our recent senior care M&A deal chart. Long-Term Care AcquirerTargetPrice Not disclosed3 skilled nursing facilities in IL$7.5 million MedCore Partners7 senior living communities in WA and CAN/A National Church ResidencesThe Villas at Water's EdgeN/A Primovie8... Read More »Average Seniors Housing Occupancy Falls To Record-Low
by Ben Swett | Jul 10, 2020 3:58 am | Statistics | 1 comment
The latest occupancy figures are out from NIC, and we suppose it could have been worse. Seniors housing communities reported that their census dropped on average by 280 basis points in the second quarter of 2020, from 87.7% to 84.5%. That is the lowest level ever recorded since NIC started reporting this data 14 years ago. Separating the market... Read More »
