News

CareTrust REIT Doubles Down In Texas

May 6, 2019, Steve Monroe, SeniorCare Investor - CareTrust REIT just keeps on growing, adding its 212th net-leased property to its portfolio.  The target, a 118-bed skilled nursing facility in Dallas, Texas, sold for approximately $10.0 million, or about $84,750…

HCP Is Making Moves

May 6, 2019, Steve Monroe, SeniorCare Investor - HCP, Inc. caused a stir this month with a couple of large acquisitions totaling $558 million.  The industry hasn’t seen that kind of large-scale activity in some time, as many of the REITs seemed to be biding their time, at…

OnPointe CEO: Skilled Nursing Providers That ‘Run To Risk’ Will Win

May 5, 2019, Alex Spanko, Skilled Nursing News - As both government and private payers increasingly move toward value-based reimbursements, skilled nursing providers in particular have struggled to keep up — and shift decades-old operational patterns to suit the new reality.  For OnPointe…

BSR REIT Sells Four Multifamily Communities For $31.7 Million

May 2, 2019, MultiFamilyBiz.com - BSR Real Estate Investment Trust announced that it has sold four noncore assets as part of the REIT's portfolio enhancement and capital recycling strategy.  The total consideration of $31.7 million exceeded the initial public offering appraised values by…

Class Act For Washington State?

May 1, 2019, Steve Monroe, SeniorCare Investor - Washington has passed its version of a long-term care insurance bill, sort of, using a payroll tax to fund it.  Unlike the misconceived Class Act that was originally part of the Affordable Care Act, which was designed to rob Peter…

Multifamily Community In Chicago's Newest Transit Oriented Location Achieves LEED Certification

May 1, 2019, MultiFamilyBiz.com - Hunt Companies and Savoy Development announced that its multifamily development at Logan Square in Chicago, Noca Blu, has achieved LEED Silver certification from the U.S. Green Building Council.  Noca Blu, one of the first new multifamily properties in the…

Watercrest Senior Living Group And United Properties Celebrate The Groundbreaking Of Senior Community

April 30, 2019, MultiFamilyBiz.com - Watercrest Senior Living Group and United Properties gathered with construction, development, design and community partners to celebrate the ceremonial groundbreaking of Watercrest Sarasota Senior Living Community in Sarasota, Florida.  The 198-unit, luxury…

ManorCare Sees Occupancy Boost As Welltower Plots 45-Building Capital Improvement Plan

April 30, 2019, Alex Spanko, Skilled Nursing News - Executives from Welltower Inc. (NYSE: WELL) have been largely mum about the company’s ongoing integration of HCR ManorCare’s skilled nursing facilities into its overall portfolio, but when pressed Tuesday, leaders hinted that the metrics…

Skyline Facilities In Massachusetts Placed In Receivership As Unpaid Bills Mount

April 30, 2019, Maggie Flynn, Skilled Nursing News - Officials in Massachusetts successfully petitioned to have five skilled nursing facilities operated by the troubled Skyline Healthcare placed in temporary receivership.  The receivership…

Sitting Out Bundled Payments Could Leave Skilled Nursing Providers Far Behind

April 29, 2019, Alex Spanko, Skilled Nursing News - For many skilled nursing providers, the launch last week of the 2020 application period for the government’s flagship bundled-payment program was low on the list of priorities.  After all, under the new Bundled Payments for Care Improvement…