Industry Pulse: Survey details largest senior living operators
Holiday Retirement Corp., Emeritus Corp. (NYSE: ESC) and Merrill Gardens LLC top a new survey of the nation’s largest senior living providers. Many of the healthcare real estate investment trusts (REITs) and other investors that own medical office buildings (MOBs) also own senior living facilities. That means many senior living firms are tenants or prospective […]
Post-Acute & Senior Living: More News
■ LCB Senior Living LLC reportedly paid a record price when it recently acquired the 50-unit, 83-bed Arbors of Bedford assisted living community in Bedford, N.H., from Merrimack Health Group, according to The Senior Care Investor newsletter. The $35 million purchase price works out to $700,000 per unit and $422,000 per bed. Cushman and Wakefield’s […]
Post-Acute & Senior Living: Denver seeing flurry of senior living
Changing preferences and population growth are presenting fresh opportunities By Murray W. Wolf The aging of the population and a stronger economy are spurring a flurry of senior living development in the Denver area. The largest project to be announced is Balfour at Riverfront Park in Denver. The proposed $74 million, 205-unit continuing care retirement […]
Post-Acute and Senior Living: Senior housing recovery continues as Q4 occupancy climbs to 89.1 percent
ANNAPOLIS, Md. – The average occupancy rate for senior housing was 89.1 percent during the fourth quarter (Q4) of 2012, up 0.3 percent from Q3 and up 1 percent Q4 2011, according to the Annapolis-based National Investment Center for the Seniors Housing & Care Industry (NIC). “Occupancy is now at a four-year high and, with […]
Post-Acute and Senior Living: Norvin acquires Texas rehab hospital
Private equity firm pays $32.9 million for fully leased, 50-bed facility in Austin By John B. Mugford New York-based Norvin Healthcare Properties recently gained a foothold in the Austin, Texas, market by purchasing the 60,000 square foot, three-story Central Texas Rehabilitation Hospital (CTRH) from an affiliate of Dallas-based Prevarian Hospital Partners. The price was $32.9 […]
News Release: Just Sold – Assisted Living & Memory Care
Woodview Assisted Living & Memory Care Ft Wayne, Indiana 82,407 SF 88 Units 97% Census
Post-Acute & Senior Living: At last, the long LTACH moratorium ends
After 5 years, will expiration mean a surge of activity in the post-acute space? By John B. Mugford At long last – after five years, in fact – the federal government’s moratorium on the development of new long-term care hospitals (LTACHs), as well as the expansion of existing ones, has finally come to an end. […]
Special Report: Investors adding senior living to mix
ACUITY LEVELS ARE RISING – AND SO IS THE LEVEL OF INSTITUTIONAL INTEREST By Murray W. Wolf Seasoned senior living real estate investors acknowledge that the sector is “complicated,” “misunderstood” and fraught with the added risks associated with volatile government reimbursement policies. In addition, there are questions about the ability of some operators to deliver […]
Publisher’s Letter: Serious about seniors
By Murray W. Wolf. Dear Reader: We have all recognized for many years that there is a big potential opportunity in the senior living sector. The market has had its ups and downs. But we all ultimately expect demand to grow for independent living, assisted living, skilled nursing and memory care facilities, as well […]
Senior Living: Senior moment? Sector is heating up
INTEREST IS GROWING IN POST-ACUTE AND LONG-TERM CARE REAL ESTATE By Murray W. Wolf The potential opportunity in the senior living market has seemed tantalizingly obvious for many years. We all know about the “silver tsunami” – the 78 million aging baby boomers who, during the next two decades, will drive unprecedented demand for independent […]
Sabra Health Care REIT to Present at Stifel Nicolaus Conference
Sabra Health Care REIT, Inc. to Present at the 2011 Stifel Nicolaus Senior Housing & Healthcare Real Estate Conference IRVINE, Calif., Jan. 7, 2011 (GLOBE NEWSWIRE) — Sabra Health Care REIT, Inc. (Nasdaq:SBRA) announced today that Richard K. Matros, the company’s Chief Executive Officer, will present at the 2011 Stifel Nicolaus Senior Housing and Healthcare Real Estate […]
LaSalle Group breaks ground for Tulsa assisted living facility
THE LASALLE GROUP, inc. MOVES INTO NEW TERRITORY OPENING ITS unique brand of SPECIALIZED MEMORY CARE communities IN THE TULSA MARKETLeading Real Estate Developer Constructs State-of-the-Art Facility Dedicated Specifically to Alzheimer’s and Memory Care in Tulsa, OKTulsa, OK – November 29, 2010 – Dallas-based developer The LaSalle Group, Inc. is breaking ground on its first […]
Special Report: Senior living prices ready to rebound?
ASSET VALUATIONS HAVE SLIPPED SINCE ‘07, BUT NIC PANEL SEES IMPROVEMENT By Murray W. Wolf In this, our third article from the NIC conference, we explore trends in valuations for senior living real estate. The market for senior living facilities peaked in 2006-07. Both the total dollar volume and number of transactions achieved new highs […]
Special Report: Senior housing sector shows optimism
DEVELOPMENT AND OCCUPANCY RATES HAVE DIPPED, BUT NIC CROWD SEES HOPE By Murray W. Wolf Like medical office, senior living has weathered the recession better than most commercial real estate sectors. But the similarities don’t stop there. Both are healthcare-related businesses that face risks from possible reimbursement rate reductions and continue to struggle to do […]
Publisher’s Letter: Bueller? Bueller? Bueller?
BEN STEIN HELPS NIC ATTENDEES FIND OMPTIMISM Dear Reader: Earlier this month, I once again had the opportunity to attend the annual conference presented by the National Investment Center for the Seniors Housing & Care Industry (NIC) in Chicago. The folks at NIC put on a first class event, as always. But one of the […]