• 60 Seconds with Swett: Here We Go Again

    AARP just published a report on assisted living, and all I can say is, here we go again. It concludes that “the state of assisted living today is cause for concern for many stakeholders. The lack of national federal standards for care centers creates an underregulated space.” It continues on, stating that the “absence of national oversight,... Read More »
  • Two Seniors Housing Sales Close

    Senior Living Investment Brokerage is continuing on its hot streak this month, closing two additional deals in Alabama and Florida. In the Alabama transaction, Dan Geraghty and Brad Clousing represented a large national owner/operator that was resizing its portfolio to concentrate on its core market. So, the company divested an assisted... Read More »
  • Selectis Health Exits Georgia

    Selectis Health, Inc. has completed its exit from Georgia with the help of Michael Segal and Daniel Waldhorn of Blueprint. In the beginning of the year, Selectis Health divested Providence of Sparta Health and Rehab and Warrenton Health and Rehab to Journey, also with the help of Segal and Waldhorn (more on that deal can be found here). The... Read More »
  • Joint Venture Divests Third Class-A Asset

    Caddis Partners and Singerman Real Estate have divested another seniors housing community, Heartis Fayetteville. This comes shortly after the joint venture’s sale of Heartis Venice and Heartis Longview. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare represented the seller in all three... Read More »
  • Bonds Issued for Independent Living Expansion

    Ziegler closed John Knox Village’s $47.85 million Series 2026A, B-1, B-2 and B-3 bonds issued through the City of Lee’s Summit, Missouri. John Knox Village (JKV), a Missouri not-for-profit corporation, is a CCRC consisting of 1,038 independent living units, 180 assisted living units and 121 skilled nursing beds. This transaction marks JKV’s... Read More »
Takeaways From Fall NIC Conference

Takeaways From Fall NIC Conference

Last week’s NIC conference displayed the growing divergence of opinion on the state of the seniors housing and care market. A lot of people have asked me what I thought about the recent NIC conference in Chicago. Well, I have been covering the seniors housing and care sector for 30 years, I have attended all 27 fall conferences, but never have I heard such divergent opinions regarding the state of the market as I did last week. On the one side, you have those who are hoarding their cash, or raising new money, waiting for the market to take a plunge so they can take advantage of cheap prices. Most of these people have been around for a while, and like me, let their historical... Read More »
Welcome to NIC 2017

Seniors Housing Sentiment on Eve of NIC Conference

As we ready ourselves for attending the NIC Conference, it should be interesting from a sentiment perspective. Good morning San Diego! For those of you attending the NIC Conference I hope to be able to chat a little with you, maybe later tonight or Thursday night. You know where to find me. This will be an interesting conference from a sentiment perspective. Are people still on a high from some of the record pricing in the acquisition market of the past few years? Or will we be seeing continued caution from those worried about occupancy, labor, rising interest rates and the new community openings this year? The party is definitely not over, but if you were to balance out the positives with... Read More »
Reflections on NIC Conference

Reflections on NIC Conference

Change is coming, and while some people will be prepared for it, others will struggle. With a record turnout at last week’s NIC Conference, we wanted to see what the mood was, and whether there was any primary theme. The mood was decent, perhaps not as upbeat as in years past, but it really depended on whom you asked. The old-timers are a bit nervous, the newcomers more bullish. On the skilled nursing side, going from fee for service payments to bundled payments and ACOs is going to be more painful than many believe it will be, and could result in many small providers hanging it up and selling. It will not cause the value disruption that came after the PPS change to Medicare in the late... Read More »