While attending the NIC conference in Washington, D.C. last week, I learned that Gene and Mari Jo Grace of Grace Management are retiring after nearly 33 years in the seniors housing and care business. I have known them for most of that 33 years, and I feel like the industry is losing not only two […]
One issue that we haven’t heard a lot in the sessions at the last couple of NICs is affordability. Much of what is currently being constructed today is a high-end assisted living/memory care product that is all private pay. And on the skilled nursing/transitional care side, developers like Mainstreet are looking to take on majority […]
Blueprint Healthcare Real Estate Advisors has been on sort of a roll lately. We are only a third of the way through March, and already the firm has announced six transactions worth over $69 million. That includes both assisted living and skilled nursing too. The two most recent transactions, announced during NIC, jumped coast to […]
Jason Dopoulos was recently promoted to Managing Director at Lancaster Pollard, after having been with the firm since 2007. With over $1 billion in transaction volume, ranging from bond transactions to mortgage loans for over 100 expansion, new construction and refinance projects. Currently managing Lancaster Pollard’s Newport Beach, California office, Mr. Dopoulos has worked with […]
The third quarter showed some positive movement for seniors housing occupancy, but not positive enough, especially with construction starts. Well, well, well, what are we to make of the third quarter occupancy and construction stats that came out from NIC last week? The good news was that sequentially, occupancy at stabilized assisted living properties increased […]
With record attendance (again), the buzz continued to be positive, despite some looming concerns. Well, what can I say after my 25th annual NIC conference? I could talk about the record number of attendees, the building, buying, investing and financing buzz. But did anyone notice, just one block from the hotel, the vacant lot for […]
There has never been a busier third quarter for mergers and acquisitions in the history of the seniors housing and care market. In Q3:15, there were a total of 87 publicly announced transactions (including both U.S. deals and a few Canadian deals), a 23% increase over the Q2:15 and a 2% increase over Q3:14. Keep […]