• 60 Seconds with Swett: The Problem with CMS Interpretive Guidelines

    by | May 27, 2026 8:23 am | 60 Seconds, Opinion

    Just a day after we highlighted the potential downsides of overregulation of assisted living from the federal level, a case of regulatory overreach involving a nursing home just headed to the U.S. Court of Appeals for the Fourth District in hopes of overturning a $1.8 million civil monetary penalty. Without getting into the minutiae too much, the... Read More »

  • Kayne Anderson Fund Tops Target

    by | May 27, 2026 8:21 am | Uncategorized

    The familiar refrain continues, with more capital continuing to flow into the seniors housing industry, property prices should keep rising. Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., has closed the largest opportunistic equity fund in its history, at more than 70% above its initial... Read More »

  • Well-Performing Full-Continuum Community Sells

    by | May 27, 2026 8:20 am | Acquisitions

    Blueprint announced its role in the sale of Morningstar at Golden Ridge, a seniors housing community in Peoria, Arizona (Phoenix MSA). Built in 2019, the community has 38 independent living, 65 assisted living and 35 memory care units. It is nearly fully occupied. The community is one of the newest and most well-appointed assets within a... Read More »

  • Kaplan Development Divests to Cedarwood Group

    by | May 27, 2026 8:17 am | Acquisitions

    Cedarwood Group closed its acquisition of Saranac Village at Will Rogers, a 75-unit independent living community in Saranac Lake, New York. The seller was Kaplan Development Group, which took over Will Rogers after the first year of it being open as a senior living community. The community was originally built in 1928 as a Tudor-style... Read More »

  • Omega Welcomes New CEO and CFO

    by | May 27, 2026 8:16 am | Uncategorized

    Omega Healthcare Investors, Inc.’s President, Matthew Gourmand will become the REIT’s Chief Executive Officer in conjunction with the planned retirement of Taylor Pickett, effective October 1, 2026. Pickett will also step down from the Board of Directors upon his retirement, and the Board of Directors intends to appoint Gourmand to the Board,... Read More »
Strawberry Fields Grows in Des Plaines

Strawberry Fields Grows in Des Plaines

by | Jul 12, 2019 6:02 am | Acquisitions

Strawberry Fields REIT continues to grow its skilled nursing holdings, and did so in a big way this month, by acquiring a large 231-bed SNF in Des Plaines, Illinois. That facility has had a somewhat checkered past. Originally built in 1975, it was acquired by a Catholic not-for-profit hospital and skilled nursing provider in May 2011 for $22 million, or $115,200 per operating bed, at a 9.5% cap rate. At the time, the facility was operating at an 11% margin and with just 191 of the 231 licensed beds (about 113 of which were occupied at the time), for an effective occupancy rate of 59%. Its location close to Chicago, quality mix above 50% and specialty care services like ventilator, dialysis... Read More »
Strawberry Fields REIT Closes Landmark Deal

Strawberry Fields REIT Closes Landmark Deal

by | Sep 19, 2017 2:20 pm | Acquisitions

South Bend, Indiana-based Strawberry Fields REIT continued its steady growth with the addition of a large 252-bed skilled nursing facility in Louisville, Kentucky to its portfolio, for a price of $21.8 million, or $86,500 per bed. A $15 million loan from Bank Leumi helped facilitate the transaction. The facility was built in 1973 by a local real estate developer, who owned it until his death in 2001. It had been owned by a group of local investors since then. Going forward, The Landmark Group will operate the facility under a lease with Strawberry Fields. First-year rent is expected to be around $2.4 million. Read More »