A gap between asking prices and bids is emerging in senior housing valuations, as the mergers and acquisition landscape begins to stabilize. Capital markets, meanwhile, continue to struggle with imbalance due to tighter loan underwriting and a lack of bridge debt. Signs of growing distress among smaller and struggling operators are contributing to the pricing […]
BMO Harris provides $75M credit facility to Watermark, 2 Developers BMO Harris Bank’s Healthcare Real Estate Finance group closed on a syndicated $75 million senior facility to Largo Land Development and Watermark Retirement Communities to finance the construction of a 219-bed independent living, assisted living and memory care community and 64-unit 55-plus active adult community […]
Investor interest in senior housing remains strong and will continue for the foreseeable future, but the marketing period for assets has grown longer. This may signal a growing disconnect between buyers and sellers, but also reflects the expanding investor pool and current headwinds hitting the sector. Increased marketing time was among the findings of the […]
Healthcare Transactions Group Arranges Sale of Maryland Skilled Nursing Facility Healthcare Transactions Group arranged the sale of a 181-bed skilled nursing facility in Sykesville, Maryland. Terms and details of the transaction were not disclosed. The firm represented the seller, a New Jersey-based private investor, in the sale, and conducted an extremely selective offering process. The […]
