• Brookdale Making Progress, but Is It Enough?

    by | May 8, 2024 10:27 am | Opinion

    Brookdale Senior Living reported its best EBITDA performance in several years, nearly topping $100 million, RevPOR continues to grow (5.8% sequentially), and second quarter guidance for adjusted EBITDA is now between $93 million and $98 million. On the labor front, they had a solid 70% retention rate for Executive Directors for the trailing... Read More »

  • Regional Owner/Operator Divests Facility, Exiting Sector

    by | May 8, 2024 10:13 am | Acquisitions

    Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage were engaged by a regional owner/operator in its divestment of a senior care facility. The seller is looking to consolidate its portfolio and exit the skilled nursing industry. The buyer is a regional-based owner adding to its portfolio throughout the state,... Read More »

  • BMO Provides $140.6 Million in Bridge Financing

    by | May 8, 2024 10:11 am | Financings

    BMO Healthcare Real Estate provided $70.6 million in bridge financing to a joint venture of New Perspective Senior Living, Boldt Capital and Fengate Asset Management, for the recapitalization of two Class-A seniors housing communities. The communities total 290 units in Franklin and Waukesha, Wisconsin. Loan proceeds include capital allocated for... Read More »

  • Newer-Vintage Facility in New Mexico Changes Hands

    by | May 8, 2024 10:09 am | Acquisitions

    Blueprint was brought on to facilitate the sale of an inpatient transitional care facility, Las Cruces Port Acute and Rehab. Built in 2017, the facility features 50 beds and is in Las Cruces, New Mexico. It’s located within two miles of three short-term acute care hospitals that offer quality Medicare referral opportunities. Trailing EBITDAR was... Read More »

  • Public REIT Divests in Northern Louisiana

    by | May 8, 2024 10:07 am | Acquisitions

    Helios Healthcare Advisors facilitated the purchase of two assisted living communities in Northern Louisiana on behalf of an independent investment group based in Texas and Louisiana. Savannah Court of Bastrop and Savannah Court of Minden were owned by a public REIT and operated by a regional provider under a triple-net lease. Built in the late... Read More »
What Do The REITs Know?

What Do The REITs Know?

by | May 26, 2017 7:01 am | Acquisitions

When the Big Three healthcare REITs (Ventas, HCP and Welltower) largely divested their skilled nursing portfolios in the past few years, it prompted questions about the industry’s health. The exodus was kicked off in August 2015 by Ventas, which spun out most its skilled nursing/post-acute care portfolio into a separate REIT, Care Capital Properties (which just this month agreed to merge with Sabra Health Care REIT). Then, effective November 1, 2016, HCP followed suit, in a spin-off of its troubled HCR ManorCare assets (over 320 properties) into Quality Care Properties. Finally, after over a year of denying any such move, Welltower sold a 75% stake in 28 Genesis Healthcare-operated... Read More »