Despite Headwinds, Skilled Nursing Renovations and Construction Plow Ahead in Certain Markets

Among properties in the senior housing and care space, skilled nursing facilities tend to be the oldest, with new construction largely constrained to higher-end rehab facilities — sometimes called “medical resorts.” While rehab continues to drive new development in the nursing home space, Skilled Nursing News found a variety of unique projects across the country, […]

Berkadia’s $76.8M Skilled Nursing Portfolio Deal; Wingate Hands Off Three to Vero

Berkadia announced its involvement in a $76.8 million portfolio deal that saw a nursing facility operator take ownership of nine buildings it had leased since 2004. The New York City-based lender’s Seniors Housing & Healthcare Group extended the financing for an affiliate of an unnamed Tennessee-based owner-operator of skilled nursing facilities. The nine properties — […]

Skilled Nursing Construction Costs Continue to Rise as Tariffs Loom

A tight labor market has continued to drive up construction costs for skilled nursing facilities — and that’s before accounting for the potential effects of disruptive new tariffs from the Trump administration. The cost to build a “high-level” SNF rose from $317 per square foot last winter to $326 this summer, according to the most […]

Skilled Nursing Construction Costs Continue to Rise

The cost of building new skilled nursing communities continues to rise due to labor shortages and a significant increase in the price of lumber. Lumber prices increased 13% mostly due to the number of hurricanes and concerns over tariffs imposed on Canadian lumber, according to the winter 2018 report from construction firm The Weitz Company. […]