HHC’s $81M Refinance for Legacy, Cascade; Multiple Bids on 100-Bed SNF in OK

Housing & Healthcare Finance earlier this month pulled off an $81 million refinancing for Cascade Capital Group and its operating affiliate, Legacy Healthcare. The North Bethesda, Md.-based HHC Finance arranged the deal for a six-building portfolio in the greater Chicagoland area, refinancing the buildings through the Department of Housing and Urban Development’s (HUD) 223(f) loan […]

Leaders Least Optimistic About Standalone Skilled Nursing Assets in 2019

A survey of industry leaders from around the country revealed the least optimism for standalone skilled nursing assets in 2019. When asked about the perceived economic viability of solo SNF properties over the coming year, a plurality of respondents to Lancaster Pollard’s 2019 Seniors Housing & Care Survey — or 36% — said the outlook […]

Avamere Pivots Away from Skilled Nursing with New Senior Living Brand

The Avamere Family of Companies on Monday announced plans to take its skilled nursing-free retirement communities national, marking another milestone in the senior housing space’s growing skepticism of long-term health care. The Wilsonville, Ore.-based operator and developer of senior housing and care properties rolled out its Ovation by Avamere subsidiary with groundbreaking ceremonies in St. […]

SNF Converts to 18-and-Up Assisted Living; Cornerstone Signs Lease in Kansas

Virginia SNF Gets Second Life as Assisted Living Facility The Lovingston Health and Rehabilitation Center in Lovingston, Va., was converted into an assisted living center — The Town Creek Assisted Living Center — according to The Daily Progress. The conversion was made by the Region Ten Community Services Board, which provides behavioral health and developmental services throughout central […]

CCRCs Move Away From Skilled Nursing As Demand Drops

By the industry’s own definition, continuing care retirement communities (CCRCs) include skilled nursing care — but there is a growing trend of developing similar communities that lack such care, according to a report from the commercial real estate services firm CBRE. In addition, some established CCRCs have either closed or significantly cut back on their […]

Skilled Nursing Facilities Rank Near Bottom of Investors’ Wish Lists

When asked which types of properties they were most interested in pursuing in 2018, a diverse group of investors ranked skilled nursing facilities near the bottom. Just 14% of respondents in the CBRE (NYSE: CBRE) U.S. Healthcare Capital Markets Group’s annual Investor & Developer Survey said skilled nursing facilities met their acquisition requirements for 2018. […]

Skilled Nursing Transactions: NHI, CarDon, Greystone, Ziegler

NHI Purchases Texas SNF for $14.4M National Health Investors, Inc. (NYSE: NHI) acquired a a 121-bed skilled nursing facility (SNF) in Waxahachie, Texas for $14.4 million.  The facility will be leased to an affiliate of The Ensign Group. It was added to the existing portfolio of 16 Ensign facilities across the state. CarDon & Associates Adds Lincoln Hills […]

Skilled Nursing M&A Crystal Ball 2018: Top Players’ Predictions

After a 2017 that saw a change in presidential administrations, continuing occupancy pressures, declarations that the industry is in a historic downward spiral, and the most sweeping tax overhaul in a generation, players in the skilled nursing mergers-and-acquisitions world might be wondering if 2018 could possibly bring even more turmoil. Earlier this week, Skilled Nursing […]

Transactions: Grand Healthcare Buys Ninth N.Y. SNF

Grand Healthcare System Buys SNF in Valatie, New York The Grand Healthcare System, based in Whitestone, New York, purchased the 236-bed Barnwell Nursing and Rehabilitation Center, the Times Union reported. Grand purchased the Valatie, New York facility from Cassena Care, bringing Grand’s SNF total in New York to nine. Documents from New York’s Health Department indicated that entities linked to […]

Investor Appetite for Skilled Nursing Remains Meager in 2017

Senior housing investors are excited to grow their portfolios in 2017, but not necessarily through skilled nursing acquisitions, according to the latest CBRE U.S. Seniors Housing & Care Investor Survey. For the survey, commercial real estate services and investment firm CBRE Group, Inc. (NYSE: CBG) polled 74 influential senior housing developers, investors, brokers and lenders throughout the […]

SNF Transactions: Ensign Expands in Mountain West, CareTrust Enters N.M.

The Ensign Group Acquires SNFs in Idaho and Utah The Ensign Group (NASDAQ: ENSG) acquired the real estate and operations of three skilled nursing and one intermediate care facilities across Idaho and Utah: Meadow View Nursing and Rehabilitation, a 112-bed skilled nursing facility in Nampa, Idaho; Utah Valley Healthcare and Rehabilitation, a 99-bed skilled nursing facility in Provo, Utah; Heritage Park Healthcare and Rehabilitation, […]