• Omega Invests in Saber Healthcare Joint Venture

    Omega Healthcare Investors released its third quarter earnings and made some news when it disclosed the acquisition of a 49% equity interest in a joint venture with Saber Healthcare. The JV will own and lease 64 skilled nursing facilities that were previously wholly owned by affiliates of Saber, which will retain a 51% equity interest in the JV... Read More »
  • Health Systems as Sellers in Three Transactions

    Cain Brothers advised on a trio of senior care transactions involving health systems as sellers, which could be a growing trend, particularly among any resource-constrained systems. Conversely, other systems may see the need to own skilled nursing beds in the future in order to control the transfer of their post-acute patients to SNFs and free up... Read More »
  • Large Ohio Operator Takes on Vacant SNF Beds

    Senwell Senior Investment Advisors facilitated the sale of 26 skilled nursing beds from a facility in Ohio and coordinated the repurposing of the real estate for future behavioral health services. The owners made the decision to close the facility after determining that the small size of the building prevented it from achieving the operational... Read More »
  • Not-For-Profits Secure Bond Financings

    Ziegler announced the successful pricing of $34.0 million Series 2025 bonds for The Chapel Hill Residential Retirement Center, Inc. d/b/a Carol Woods. Carol Woods is a North Carolina not-for-profit organization incorporated in July 1972 by a group of local citizens to develop, own and operate a CCRC in Chapel Hill, North Carolina. Currently,... Read More »
  • Ventas Posts Healthy Q3 With Robust Acquisition Activity

    Among the earnings results trickling out this month, it will be impossible to overshadow Welltower’s announcement with $14 billion in new investment activity and another great quarter of seniors housing operating portfolio (SHOP) performance improvements. But Ventas reported healthy results, too, and some significant acquisition volume.  Ventas... Read More »

Build it and they will come

If your marketing team presells 75% of all units within two months of initiating pre-sales (and that number nears 95% pre-sold just after groundbreaking), then you clearly did your homework in determining local demand. Either that or what you offer is just better than any competitor around you. That is what Greenbrier Development has experienced as it breaks ground on Phase II on Beacon Hill at Eastgate, a CCRC in Grand Rapids, Michigan. First opened in 2010 with 114 independent living units, 40 assisted living units, 35 memory care units, 29 skilled nursing beds and 20 rental apartments, Beacon Hill filled to 95% occupancy within just two years. Now, Greenbrier is adding 56 independent... Read More »