News
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…
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…
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,…
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…
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…
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,…
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…
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…
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…
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…