• Michigan AL Communities Trade with Turnaround Potential

    by | Sep 19, 2025 3:30 pm | Acquisitions

    Madison Meiser and Bill Meiser of Meiser Commercial Real Estate completed two separate seniors housing transactions in Michigan. All parties involved had experience in the senior care sector, making the transactions smooth, aside from routine negotiations. The first transaction to close was in Plymouth.  Built in 1980, the assisted living... Read More »

  • Not-For-Profit SNF Owner Expands in Texas

    by | Sep 19, 2025 3:20 pm | Acquisitions

    A large not-for-profit owner of skilled nursing facilities in Texas added another facility to its portfolio in the Lone Star State. Set in the town of Georgetown just north of Austin, The Wesleyan was founded in 1962 in collaboration with The Methodist Church, but the current 40-acre campus was built in 2008 and expanded its offerings to include... Read More »

  • Phorcys Capital Partners Acquires AL/MC Community Through Receivership Sale

    by | Sep 19, 2025 3:06 pm | Acquisitions

    Phorcys Capital Partners acquired Village Veranda at Lady Lake, a 125-unit assisted living/memory care community in Lady Lake, Florida, adjacent to The Villages. Opened in 2019, the community was developed by Gordon Cos., Village Veranda Lady Lake LLC and SRI Management, which has operated the community since the start. SRI will stay on as... Read More »

  • Ensign Acquires Iowa Skilled Nursing Facility

    by | Sep 18, 2025 3:55 pm | Acquisitions

    Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage helped an industry veteran in Iowa sell his last solely-owned senior care facility, finding a publicly traded buyer in the process. The facility in question was Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa, about one hour southeast of Des... Read More »

  • Investor Group Enters the Seniors Sector Through Idaho Purchase

    by | Sep 18, 2025 3:54 pm | Acquisitions

    An assisted living/memory care community in Twin Falls, Idaho, traded with the help of Chad Mundy and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap. The campus opened in 1989 with an eight-unit building, and added two 15-unit buildings in 2009 and 2015, respectively. Some units were added to each building in 2023 and 2024, and... Read More »
Good News from Brookdale and Capital Senior Living

Good News from Brookdale and Capital Senior Living

by | Nov 3, 2017 7:02 am | Opinion

Finally, we have had some good news from the two largest publicly traded senior living companies, Brookdale Senior Living and Capital Senior Living. Let’s just say, it has been a long time coming. Capital Senior Living reported a sequential increase in occupancy of 30 basis points in the third quarter, an increase that was continuing to rise in September and into October, so the fourth quarter should be upbeat as well. In fact, from June to September same-community occupancy increased by 90 basis points. These numbers exclude their two communities impacted by Hurricane Harvey. On the negative side, labor costs increased by 4% in the third quarter, which contributed to a 2.4% decline in... Read More »
What Happens When You Weight A Cap Rate By Beds?

What Happens When You Weight A Cap Rate By Beds?

by | Aug 1, 2017 8:36 pm | Statistics

Partly due to historical precedent, we have always presented our cap rate analysis on an unweighted average basis, meaning that the cap rate for a portfolio of facilities would carry the same weight as that of a single 80-bed facility. For those who believe that portfolios will usually command a lower cap rate, then a weighted average would be the most accurate method to determine what is really happening in the market. Even a 200-bed facility acquisition, because of the implied increase in investment risk, should in theory be treated differently from that of a 50-bed rural facility. Consequently, a few years ago we went back and recalculated the cap rates to weight them based on the... Read More »
Our Listeners Speak: Real Estate vs. Business Value

Our Listeners Speak: Real Estate vs. Business Value

by | May 31, 2017 7:03 am | Opinion

We recently hosted a webinar on a topic that has been on the minds of many as the healthcare real estate market hit record-high prices (in seniors housing and care) and deals with changing acuity and reimbursement environments. “Real Estate vs. Business Value For Healthcare Properties” featured moderator Steve Monroe of The SeniorCare Investor and speakers James Tellatin of Tellatin, Short & Hansen, and Chuck Herman of Charles Herman Consulting (formerly CIO of Welltower), and a 90-minute discussion on the valuation practices for skilled nursing facilities, assisted living communities, LTACs, behavioral healthcare and acute care hospitals. We also brought in our listeners to the... 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 »
Deals Down So Far in 2017

Deals Down So Far in 2017

by | May 24, 2017 7:00 am | Opinion, Statistics

Long-term care has experienced a dip in M&A, but after nearly three straight years of 80+ transactions per quarter (starting in Q3:2014 with 83), with a couple exceptions, it is about time the M&A juggernaut slows down a bit. The first quarter’s volume fell to 76 deals, down from 93 in the previous quarter and from 84 in the year-ago quarter. And as of May 23, 2017, deal volume has so far not kept pace compared with the same period in 2016 with just 118 long-term care transactions recorded compared with 145 in 2016, a 19% difference. However, spending has nearly doubled (to $7.52 billion so far in 2017 from $4.37 billion in 2016), thanks to a few large deals that were announced in... Read More »