• Community First Solutions Acquires Again in Ohio

    Ziegler was engaged by Marquee Capital, the real estate company affiliated with Marcus Investments, LLC, the Marcus’ family office, in the sale of its seniors housing community in Mason, Ohio. Built in 2020, BrightStar Senior Living of Mason sits on 3.2 acres with 41 assisted living and memory care units. The community was well occupied at 90%,... Read More »
  • Joint Venture Acquires Nashville Active Adult Community

    An active adult community in Germantown, Tennessee, found a new owner thanks to the team at Newmark. Built in 2020, Avenida Watermarq is a 161-unit, Class-A active adult community in an affluent suburb of Nashville. There are one- and two-bedroom options averaging 919 square feet per unit. Occupancy was 87%. Inspired Real Estate Partners and GEM... Read More »
  • Institutional Owner Divests Ohio Facility

    Evans Senior Investments arranged the sale of a skilled nursing facility in Ohio on behalf of an institutional owner looking to exit the market. The facility comprises 88 beds and 20 independent living units, which served as a referral source for the nursing home. The buyer was a regional owner/operator that is actively expanding in Ohio. This is... Read More »
  • Strawberry Fields Completes Missouri SNF Portfolio Acquisition

    Strawberry Fields REIT, Inc. announced that it completed the acquisition of nine skilled nursing facilities comprising 686 beds in Missouri for $59 million, or $86,000 per bed. The REIT completed the acquisition using cash on hand and the issuance of approximately $2.0 million in OP Units of Strawberry Fields REIT LP to the seller. Eight of the... Read More »
  • Macquarie Asset Management Launches Health Wave Partners

    Macquarie Asset Management, which has over 35 years of experience in the real estate sector and a current network of 15 specialist operator investments globally, announced the launch of Health Wave Partners, a seniors housing platform aimed at targeting investments in modern seniors housing assets alongside established operators. The platform... Read More »

NHI and Welltower Agree to Memorandum of Understanding

Following a late-February announcement that they would work out a settlement to their rent dispute, National Health Investors and Welltower announced that they have entered into a memorandum of understanding on the matter. The MOU stipulates that: NHI and Welltower wish to transition the 16 legacy Holiday Retirement properties to new tenants and that Welltower will use commercially reasonable efforts to complete this by April 1, 2022.NHI desires to sell one legacy Holiday property and that Welltower will use commercially reasonable efforts to facilitate the sale’s closing.Welltower will pay NHI approximately $6.9 million, to be held in escrow until the execution of the final settlement... Read More »
NHI Funds Construction for Wisconsin AL/MC Community

NHI Funds Construction for Wisconsin AL/MC Community

Development has slowed, but we all know it has not stopped. One of the main barriers to getting development projects off the ground these days has been securing financing for them, considering the risks of funding a project amid soaring construction costs and an uncertain stabilization period. But certain projects are going ahead, and National Health Investors, Inc. announced that it will fund a $28.5 million construction loan to build The Courtyard of Fitchburg, a 108-unit assisted living/memory care community in Fitchburg, Wisconsin (Madison area). The four-year loan comes with an annual interest rate of 8.5% and two one-year extensions. Plus, NHI has a purchase option on the property... Read More »
NHI Reports Drop in December Occupancy

NHI Reports Drop in December Occupancy

National Health Investors released another business update, and the news was not great. The REIT’s occupancy growth had started to slow in the fall of 2021, but its latest December averages showed declines across its three major operators when compared with November’s average. Senior Living Communities dropped by 10 basis points across the nine properties it operates for NHI from 81.9% in November to 81.8% in December. Bickford Senior Living’s 42 properties, the largest of the portfolios, saw a 90-basis point decline from 81.8% to 80.9%. Then, the 17 properties operated by Holiday Retirement fell by 190 basis points from 79.1% to 77.2% month over month, the lowest monthly average since... Read More »
60 Seconds with Ben Swett: Strong Census Gains Continue at NHI

60 Seconds with Ben Swett: Strong Census Gains Continue at NHI

As we head into the holidays, flu season and the snowy winter, when census gains will be much harder won and as our inboxes fill with news on the omicron variant, we want to point out some really positive occupancy news from National Health Investors’ latest business update. In October, average occupancy across its 42 Bickford Senior Living properties rose by 60 basis points to 81.3%, from 80.7% in September. That is up 670 basis points from the low in March of this year. In its smaller (SLC) Senior Living Communities portfolio of nine properties, average occupancy also rose by 60 basis points to 81.5%, or a 530-basis point increase from the low of last December. The Holiday Retirement... Read More »
NHI’s Occupancy and Rent Deferrals Rise

NHI’s Occupancy and Rent Deferrals Rise

Another month gone and another month of occupancy gains for National Health Investors’ major tenants, according to the REIT’s latest business update. The largest operating partner, Bickford Senior Living with 42 properties in NHI’s portfolio, saw occupancy rise from 80.3% in August 2021 to 80.7% in September, for a 40-basis point increase. Holiday Retirement saw a month-to-month gain of 140 basis points from 77.5% to 78.9%, which was restated retroactively to reflect the sale of its Fort Wayne, Indiana property. Occupancy for the 18 properties still rose to 78.2% in September. And Senior Living Communities, across nine properties, saw occupancy increase 50 basis points from 80.4% to 80.9%.... Read More »