News

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…

NY Slashes Medicaid Payments To Nursing Homes, Other Providers By $124M — With $500M Annual Cuts Coming

January 2, 2020, Maggie Flynn, Skilled Nursing News - New York made a 1% cut to Medicaid payments starting on January 1, with reimbursements to nursing homes included in the cost-cutting moves — which could soon translate to nearly $500 million in annual spending reductions.  The New York…

‘All The Stars Aligned’: Operators Boast 30% Readmission Reductions, Market Gains With I-SNPs

January 2, 2020, Maggie Flynn, Skilled Nursing News - As skilled nursing facilities work to establish their position in an increasingly value-based health landscape, many are looking at the world of Medicare Advantage as more than a pressure point for billing.  They see it as an opportunity…

Executive Outlook: Skilled Nursing Providers Must ‘Adapt Or Die’ In 2020

January 1, 2020, Alex Spanko, Skilled Nursing News - In the lead-up to the new year, Skilled Nursing News took a look back at the top stories of 2019, and 

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…