Sabra CEO: No Clear Pattern In How Covid-19 Spreads Through Senior Living Communities

Senior housing has so far managed to weather Covid-19 better than some feared, according to Rick Matros, CEO of Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). However, he emphasizes that more testing is needed to keep the senior housing communities safe and secure — particularly because Covid-19 has spread through Sabra’s buildings in odd […]

How Covid-19 Could Remake Mixed-Use Senior Living Development

Over the past decade, mixed-use communities became a popular living arrangement for seniors — thus making it an attractive development opportunity. But the Covid-19 pandemic threatens to change the equations that made that product work, while presenting opportunities for those who see how mixed-use might change in the new normal. While the pandemic is deadly […]

Covid-19 Driving Cap Rate Expansion, Could Lead to Pricing Disconnect for Senior Living

While the Covid-19 pandemic will surely cause major disruptions in the short-term, the senior housing industry is still a good long-term bet if the economy rebounds relatively quickly. The conditions which have girded the senior housing market in recent years — changing demographics chief among them — are not expected to leave with Covid-19. At […]

Covid-19 Takes Steep Toll On Senior Living Providers in Pandemic Epicenters

Covid-19 presents enormous challenges for senior living providers across the country, but the pandemic is hitting operators in the current epicenters of New York and New Jersey particularly hard. As of the afternoon of April 20, total Covid-19 cases in New York state were approaching 243,000, while New Jersey’s cases were above 85,300. By comparison, […]

More Middle-Market Demand, Less Greed In the System: How Covid-19 May Affect Senior Living Development

The Covid-19 pandemic is changing many aspects of the senior housing industry, including the prospects for new development. While the long-term ramifications are still unclear, there are early indications the pandemic will make banks more cautious about the sector and create new opportunities for middle-market projects, among other changes. That’s according to Ryan Haller, an […]

McFarlin Group Raising $100M Fund to Target Covid-19 Distressed Senior Housing

McFarlin Group is launching a $100 million fund to acquire senior housing assets at risk of becoming distressed in part by the coronavirus pandemic. While many senior housing lenders and investors are retreating to the sidelines during the environment of peak volatility caused by the outbreak, the Dallas-based fully integrated senior housing firm is among […]

Covid-19 Is Costing The Springs Living, But Provider Will ‘Hold the Line’

The senior living industry may come out of the new pandemic era with an even stronger position than before — but in the meantime, operators are taking a hit on net operating income and are relying on support from their capital partners and even their competitors to weather the storm. For example, McMinnville, Oregon-based provider […]

Transactions & Financings: LTC Completes $78M Preferred Care Sale; Juniper Communities’ $12.3M Refinancing

Bellwether Enterprise provides $36.3M financing for Kentucky Development Bellwether Enterprise Real Estate Capital Executive Vice President John Powell originated a $36.3 million permanent loan through Fannie Mae’s seniors housing program for the refinancing of Legacy Reserve at Fritz Farm, a senior housing community in Lexington, Kentucky featuring 144 independent living, 33 assisted living and 15 […]