This research initiative is focused on making available to capital providers better benchmark data on the financial performance
of seniors housing property operations.
The average price per unit for
seniors housing properties remained high in the first quarter of 2016, but was off recent peaks, possibly reflecting the slowdown in buyer activity.
The article builds on growing market knowledge and provides a quantitative analysis to support reasonable allocations of the real estate component of
various seniors housing properties.
On the positive side of higher rates is the eventual effect on savings rates and earned interest income for consumers and residents
of seniors housing properties.
SEATTLE (March 15, 2018)-- Stuart Oswald, senior vice president / managing director of NorthMarq Capital's Seattle regional office, secured construction financing in the amount of $ 29,272,000 for Quail Park at Shannon Ranch, a 120 - unit
senior housing property located in Visalia, California.
The decline in freestanding memory care occupancy was mainly supply - related, as supply has grown at an annualized pace of 3.5 % during the last four years — far above the pace of
other seniors housing property types.
ANNAPOLIS, Md. — The occupancy rate for
seniors housing properties averaged 88.8 % in the third quarter of 2017 unchanged from the prior quarter and down 0.9 percentage point from year - earlier levels.
MINNEAPOLIS (November 6, 2017)-- Dan Trebil, senior vice president / managing director of NorthMarq Capital's Minneapolis regional office, arranged acquisition financing of $ 5.8 million for Orono Woods Senior Housing, a 62 -
unit senior housing property located in Orono, Minnesota.
In one of the largest mortgages secured
by seniors housing properties ever provided by Fannie Mae, Seniors Housing Properties Trust (NYSE: SNH) closed on a $ 512.9 million loan in early August.
National multifamily lender Green Park Financial closed a $ 175 million credit facility in mid October for a portfolio of
seniors housing properties owned by a joint venture managed by Benchmark Assisted Living LLC.
Both Irving and panelists participating in a discussion of skilled nursing facilities stressed that operational excellence
at seniors housing properties is becoming more important than the real estate itself.
Nearly half of survey respondents (45 percent) said they plan to buy more
seniors housing properties over the next 12 months, while 40 percent plan to hold and only 15 percent plan to sell property.
Our extensive experience and long - term track record of 450 closed senior housing transactions in excess of $ 4.5 billion, and our successful acquisitions of
senior housing properties provides us with the knowledge and expertise to allow you the freedom to do what you do best: focus 100 % on operating a top - level facility, with the necessary capital to make it happen.
But
senior housing property management and financial consultant Brent Holman - Gomez thinks senior housing / healthcare property owners looking for new opportunities to make money should probably first consider the potential of assets already owned.
However, nearly half of survey respondents (47 percent) said that they plan to
buy seniors housing property over the next 12 months compared to 38 percent who said the same in the 2016 survey.
The average occupancy rate for
seniors housing properties edged closer to 90 percent in the first quarter, as the industry's property types gained absorption due to slow construction and increasing demand...
The non-traded Griffin - American Healthcare REIT II Inc. recently beat out larger competitors to acquire a $ 300 million portfolio of
seniors housing properties comprising more than 1,200 units...
Seniors housing consultant Andrew Carle, an adjunct professor in the seniors housing administration program at George Mason University, says the labor shortage
facing seniors housing properties promises to be a bigger long - term drag on revenue than new supply or the flu.
Government - sponsored agencies, including Fannie Mae and Freddie Mac, along with HUD, have become the primary sources of funds for
seniors housing properties during the economic downturn as traditional lenders have exited the market.
A Class -
A seniors housing property needs community dining rooms and other high - quality amenities, and it needs to be in a market that's not merely affluent, but populated with a lot of affluent adult children — by which I mean people ages 45 to 65 whose parents are in need of personal - care services.
The average occupancy rate for
seniors housing properties slipped 30 basis points from the first quarter of the year to 89.7 percent in the second quarter, according to the most recent NIC MAP Data Service figures.
The National Investment Center for Seniors Housing & Care (NIC), the industry's data - collection company, based in Annapolis, Md., said in a recent report that the average occupancy rate for
seniors housing properties between January and March was 90.2 percent.
Cambridge Realty Capital Companies has its own private equity arm, Cambridge Investment and Finance Company, LLC, to act as a principal and
acquire senior housing properties in the form of an operating lease on skilled nursing facilities, or, more typically, as a third - party operator / property manager for assisted living, memory care, and independent living facilities.
And he continues to participate in the effort to recruit, hire, train and support on - site staff at eight
senior housing properties currently managed by the company in Texas.
On another note, and unrelated to Washington politics, third - quarter investment return data for NCREIF -
reported seniors housing properties equaled 2.22 %, composed of a 0.80 % capital return and a 1.41 % income return.
With over 10 years of experience in commercial finance, Johnson also joins Hunt Mortgage Group from RED Capital Group where he was focused on commercial real estate lending for
seniors housing properties including direct agency, balance sheet and construction lending.
The overall occupancy rate for
seniors housing properties dropped 90 basis points year - over-year to 88.8 percent, a drop that is likely due to new supply and properties still in lease - up phases.
And he foresees continued movement
toward seniors housing properties in urban and inner - city settings, which appeal to baby boomers seeking to avoid traditional «elderly islands,» such as the sprawling retirement enclaves you might find in Florida.