News

Three San Jose Affordable Housing Developments Secure Funds, Land From The City

January 15, 2020, Maggie Angst, The Mercury News - In its latest stab at relieving the city’s housing shortage, San Jose leaders have committed millions of dollars to build housing for its poorest residents.  The San Jose City Council on Tuesday voted to contribute $19.2 million in loans…

Five Star Senior Living Soars

January 15, 2020, Steve Monroe, SeniorCare Investor - Shares of Five Star Senior Living have soared by more than 60% this year, leaving everyone guessing.  Right after all the restructuring was completed at year-end between Five Star Senior Living…

Proposed Medicaid Rule Would Mean Billions In Cuts, Waves Of Nursing Home Closures

January 14, 2020, Maggie Flynn, Skilled Nursing News - With skilled nursing facilities in multiple states facing significant shortfalls in their Medicaid reimbursement, supplemental payment programs used to bolster rates have become a lifeline.  This is especially true for Texas and Indiana,…

Fourth Quarter Occupancy Nudges Up

January 13, 2020, Steve Monroe, SeniorCare Investor - Some good news was recently released by NIC MAP, showing occupancy rates for stabilized seniors housing communities (independent living and assisted living) increasing by 10 basis points sequentially, but a four-basis…

O&M Investments Announces Latest M&A Moves

January 10, 2020, Ben Swett, SeniorCare Investor - It has been a busy year for Nick Martinez & Todd Okum of O&M Investments, having closed five acquisitions in three states.  Earlier this year, the firm picked up an 88-bed skilled nursing facility in Orrville, Ohio (Cleveland…

HHC Finance’s December Closings

January 8, 2020, Ben Swett, SeniorCare Investor - Housing & Healthcare Finance finished 2019 with a bang, closing four HUD LEAN loans worth over $62 million. The refinancings included 2 skilled nursing facilities in Maryland, 1 in Pennsylvania, and 1 in Arkansas,…

CCRCs Are Not Dead, And Happy New Year

January 8, 2020, Steve Monroe, SeniorCare Investor - Two recent CCRC sales prove the point that this market can thrive.  You know one of my favorite refrains by now.  CCRCs are not dead.  And two recent transactions prove my point.  At the end of December, David Reis and his Senior…

The Clare Turnaround Complete

January 7, 2020, Steve Monroe, SeniorCare Investor - No one said it was going to be easy back in 2012 when an investor group took control of a large CCRC known as The Clare in downtown Chicago.  Occupancy was just 34% when the community was sold out of bankruptcy, with its reputation tarnished…

Belveron Partners Makes A Big Push In Affordable Housing

January 2, 2020, Donna Kimura, Affordable Housing Finance - Belveron Partners, a San Francisco-based investment firm, has boosted its affordable housing interests with several prominent deals in the Northeast.  The firm, along with LIHC Investment Group and Camber Property Group, announced…

S&P Lowers ProMedica Outlook, But Sees ManorCare Improvement Ahead

January 2, 2020, Alex Spanko, Skilled Nursing News - Standard and Poor’s lowered its outlook for non-profit health system ProMedica, but analysts see sunnier days ahead for its HCR ManorCare skilled nursing assets.  S&P Global Ratings on Christmas Eve affirmed its BBB long-term rating for…