News

Passco Acquires Atlanta Multifamily Community From Greystar

December 19, 2019, Scott Sowers, Multifamily Executive - California-based Passco recently bought the 423-unit Avana Lenox community from Greystar Real Estate Partners, based in Charleston, S.C., for $106.5 million.  Greystar will stay…

Is Ageism Dead?

December 18, 2019, Steve Monroe, SeniorCare Investor - Young people flock to see septuagenarians perform because they are rock stars.  But aren’t all 70-somethings rock stars in some one’s mind?  Asking if Ageism is dead might seem like a funny question.  We see ageism every…

Titan SenQuest Acquires Ohio Property

December 17, 2019, Ben Swett SeniorCare Investor - Helios Healthcare Advisors has been on a roll in the last month, closing several acquisitions and financings since mid-November.  After about a year in operation, it appears Bill Janis and Mario Wilson have really hit their…

Another Pennsylvania Personal Care Sale From Prestige Group

December 17, 2019, Ben Swett, SeniorCare Investor - Jim Baranello of The Prestige Group closed yet another personal care deal in Pennsylvania, following up on his two-facility sale in the state earlier this month.  In that previous deal, he represented a seller divesting…

Freddie Mac’s Guggenmos Looks Ahead To 2020 For Multifamily

December 16, 2019, Multifamily Executive - Apartment rents are still on the rise.  Rental communities across the country are still fully occupied on average, despite years of new construction.  But just a few months ago, the financial markets flashed warning signs of a possible recession…

Helios Handles Wisconsin SNF Sale

December 13, 2019, Ben Swett, SeniorCare Investor - Helios Healthcare Advisors handled the sale of an 87-bed skilled nursing facility in West Salem, Wisconsin.  Originally built in 1963 with additions in 1968 and 1994, the facility is 100% Medicare-certified and provides…

More SNFs Add In-House Dialysis

December 12, 2019, Ben Swett, SeniorCare Investor -The new PDPM reimbursement system is making its impact known in the skilled nursing market beyond drastically reducing therapy minutes. It is also changing the way SNFs provide care to higher acuity and medically complex patients, now that…

Multifamily Housing Market Wrapping Up 2019 On A Strong Note

December 11, 2019, Julia Falcon, HousingWire.com - All indicators thus far show that 2019 will end up being a very solid year for multifamily real estate.  Now, a new report from YardiMatrix just adds more fuel to that fire.  In 2019, more than 320,000 multifamily units were absorbed into…

Seniors Housing Rates: Actual vs. Asking

December 11, 2019, SeniorCare Investor, Steve Monroe - For years, NIC MAP has been presenting quarterly changes in seniors housing asking rates, but it is now trying to get beyond that and get the actual rental rates.  That will add a lot more needed transparency.  As…

Sabra CEO Matros Has ‘No Sympathy’ For Third-Party Therapy Companies Amid Switch To PDPM

December 9, 2019, Alex Spanko, Skilled Nursing News - The new Medicare payment model for nursing homes has brought significant upheaval around therapy provision — an outcome that one prominent CEO of a large publicly-traded REIT in the space says therapy companies should have seen coming…