This article is a part of your SHN+ subscription Senior living dealmaking volume is still well below where it has been in the past as macroeconomic conditions make deals harder to ink. But that doesn’t mean this year will be a total wash in the end, either. Market conditions are still evolving, and there’s still […]
The senior living industry’s non-profit sector is continuing to see high numbers of operators exploring affiliations and sales, or outright closing their communities. That’s according to a new mid-year M&A report from Chicago-based specialty investment bank Ziegler. According to the report, 846 senior living nonprofit communities have consolidated operations in some way since 2015. That […]
Acquisitions Strawberry Fields REIT Agrees to 24-Facility Purchase Strawberry Fields REIT announced that it has entered into a purchase and sale agreement with an unaffiliated seller for 24 health care facilities, all of which are located in Indiana. The facilities are comprised of 19 skilled nursing facilities and five assisted living communities. The portfolio is […]
Sales Blueprint Facilitates AL, Memory Care Sale Blueprint Healthcare Real Estate Advisors announced it facilitated the sale of a senior living community in the Baltimore area. The community – called Woodlands Assisted Living – is a 65-unit AL and memory care community that was built in 1999. The community’s performance was trending upward in the […]
Sales Senior Living Investment Brokerage Facilitates Portfolio Sale in the South Senior Living Investment Brokerage (SLIB) announced it played a role in the sale of three senior living communities – two in Georgia and one in Tennessee. In all, the three communities comprise 228 of AL and memory care and were built in either 1999 […]
After two consecutive years of widespread rate increases at or above historic levels, one question hangs on the mind of senior living executives: Will there be another one? The senior living industry is waiting to see how a number of factors play out in the second half of 2023 before answering that question. Operators have […]
Monthly rate increases have in 2023 outpaced increases in previous years — and, they have outpaced what the financial leaders of senior living non-profits projected in the fall of 2022. More than 250 chief financial officers from nonprofit senior living organizations predicted that monthly rates would go up by about 5% in 2023. However, data […]
The failure of Silicon Valley Bank (SVB) last week could bring added challenges to senior living capital markets, and make an increasingly difficult lending environment even tougher throughout the remainder of the year. The SVB failure is the second largest bank failure in U.S. history, with the bank primarily serving tech investors and venture capital […]
Financings Ziegler Closes $29M for California Community Ziegler announced the closing of $29 million in Series 2023 Bond Anticipation Notes for a planned California-based life plan community to be built by Kendal at Ventura, a non-profit organization. The community – which will be called Enso Verde – will be an entrance-fee life plan community located […]
The senior living industry is trending toward pre-pandemic norms — or at least, its priorities in technology are. That’s according to a new report from Chicago-based investment bank Ziegler. The report, released Monday, includes responses from representatives of more than 150 organizations. The new report identifies top areas of investment and lends evidence to the […]
