• More Shareholder Activism

    by | Apr 22, 2024 9:04 am | Opinion

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »

  • Active Adult Expansion A Hit With Investors

    by | Apr 22, 2024 9:02 am | Developments

    How often have we heard that new development is dead? Or that CCRCs (LPCs) are on their way out? Too often. But how often do you hear about an Active Adult expansion on a CCRC campus, and one with entrance fees? Not often enough. That didn’t stop Three Pillars Senior Living Communities and Cain Brothers from putting together a plan that may... Read More »

  • Quarterly Investor Call #1

    by | Apr 19, 2024 5:31 pm | Opinion

    Skip the in-person conference, and get the latest senior care M&A and valuations data, market analysis and case studies on notable deals by watching The SeniorCare Investor’s first ever Quarterly Investor Call. Read More »

  • Pacifica Companies Acquires National Portfolio

    by | Apr 19, 2024 3:20 pm | Acquisitions

    Pacifica Companies, LLC, a privately owned real estate private equity firm based in San Diego, California, acquired the majority of the not-for-profit Retirement Housing Foundations’ market-rate seniors housing and skilled nursing assets. Ziegler served as exclusive sell-side advisor to RHF on the transaction, which closed in phases... Read More »

  • Owner/Operator Chooses Refinance Over Sale

    by | Apr 19, 2024 3:19 pm | Financings

    A national owner/operator faced with an underperforming seniors housing property in Missouri and maturing debt on the property secured a refinance thanks to JD Stettin of Carnegie Capital. The borrower, which has over 30 properties in its portfolio, acquired the 45-unit assisted living community in late 2017.  Occupancy and cash flow... Read More »
Lancaster Pollard Represents Hawkeye In Iowa Skilled Nursing Sale

Lancaster Pollard Represents Hawkeye In Iowa Skilled Nursing Sale

by | Dec 14, 2017 8:47 pm | Acquisitions, Financings

Chad Elliot, Quintin Harris and Kevin Laidlaw of Lancaster Pollard represented the seller of a six-facility skilled nursing portfolio in Iowa. Owned by Hawkeye Care Centers, these six facilities total 551 beds, with three of the properties featuring a small assisted living or independent living portion. Quality mix was high (over 50%) and operating margin averaged in the low teens, which is not too bad for skilled nursing in this market. The Lancaster Pollard team sold the portfolio to Summit Healthcare REIT for $29.5 million, or about $53,500 per bed. Summit entered into a triple-net lease agreement with Accura HealthCare, an Iowa-based operator with 18 facilities across the state.... Read More »