Senturian Sells Two Assisted Living Facilities for $175,000 per unit – 5% Cap Rate

Senturian closed on the sale of two assisted living facilities in North Alabama in December of 2018. The facilities are Westminster Assisted Living of Cullman and Westminster Assisted Living of Decatur. The facilities were in receivership after going into default on their bond debt. Each consisted of 40 resident rooms including memory care and were the premier facilities in their …

Benchmarking: Operating by the Numbers in Senior Living Organizations

Senior living organizations are continuously bombarded with more and more challenges in the face of increasing regulation, complexities in reimbursement and contracts, a competitive environment and the desires and demands of residents.  How can an organization meet these challenges and remain focused on the ultimate goals of providing high quality care while still maintaining operational efficiency?  One proven method of …

Get Ready – Long Term Care Class Actions Have Morphed and Are Even Uglier

In recent years, long term care providers faced massive class action lawsuits alleging chronic understaffing. Now, these suits are changing. In July 2017, a first-of-its-kind long term care class action was filed in the Northern District of California that has potentially enormous consequences for providers. The theory of the case: chronic understaffing violated the provider’s duties under the Americans with …

Preparing to Sell Your Senior Housing Asset

Selling a nursing home or assisted living facility can be an overwhelming and stressful thought for many owners. Concerns about confidentiality and questions regarding value and process sometimes drives owners to avoid the entire topic for as long as they can. Most owners are focused on running their business and are not actively plugged in to the market on a …

Senturian Closes $120 Million Deal of 12 Skilled Nursing Facilities in Kentucky

Senturian Senior Housing Brokerage adds to the November 2016 senior housing transactions with a $120 million acquisition of 12 skilled nursing facilities and one personal care home in Eastern Kentucky. Owned by a Kentucky-based operator, the portfolio totals 1,177 skilled nursing beds and 62 personal care beds. Built on average 22 years ago, the facilities were well maintained and well …

Top 3 Updates to HUD’s Senior Housing Lending Platform – Senior Housing News

Senior housing companies may soon have a number of new financing options through the popular Section 232 program, thanks to a proposal recently released by the Department of Housing and Urban Development (HUD).  In the days since HUD first released its new draft Handbook containing Read More » Source: Top 3 Updates to HUD’s Senior Housing Lending Platform – Senior …

NIC: Acquisition Prices Past Peak, Occupancy to Hold Steady – Senior Housing News

After a bumpy start to 2016 marked a drop in senior housing transactions, some cited high deal prices that sidelined major players. But the pendulum may now swing, as peak pricing may have already come and gone, according to Beth Mace, chief economist and director of Read More » Source: NIC: Acquisition Prices Past Peak, Occupancy to Hold Steady – Senior …

Senior Housing Conference in KY

Senturian Senior Housing Brokerage will be attending the Kentucky Assisted Living Facilities Association (KALFA) annual conference and exhibition at the Crowne Plaza Louisville hotel May 25 & 26.  Our owner / broker, Watson McCollister, will be available to answer questions pertaining to senior housing trends, exit planning strategies and general market inquiries.  Please introduce yourself at the conference or contact us …

In the Pipeline: Senior Housing Construction Projects (4/28/16) – Senior Housing News

(Rendering of Solana Mount Pleasant, an independent, assisted living and memory care community being developed by Formation Development Group in Mount Pleasant, S.C.) Construction: Planned Formation Development Group Obtains Zoning for S.C. Project Formation Development Group, an Atlanta-based senior living developer and investor, has obtained zoning Read More » Source: In the Pipeline: Senior Housing Construction Projects (4/28/16) – Senior Housing …