The number of U.S. nursing home deaths from the COVID-19 pandemic has eclipsed 10,700, accounting for nearly a quarter of the country’s total death toll, according to a survey by the Wall Street Journal. The survey gathered information from 35 states that either publicly share that data or responded to the newspaper’s requests for information. Key states such as Ohio and Washington did not provide data, suggesting that the number is actually considerably higher. The total U.S. death toll from COVID-19 passed 46,000 on Wednesday, according to data from Johns …
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has hired David Travis as its senior vice president and chief accounting officer, effective May 1. He joins the Murfreesboro-based REIT to replace Ron Reel, who is retiring at the end of the year. Travis has over 20 years of accounting and financial reporting experience including over 12 years as a chief accounting officer for publicly traded healthcare REITs. Prior to joining NHI, he was the chief accounting officer with MedEquities Realty Trust Inc. from 2014 through the completion of its …
MONTANA — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 338 beds in Montana. The seller is a national operator that was looking to leave the state to focus on other markets. The undisclosed buyer assumed the seller’s HUD debt against the properties. The price and locations of the facilities were not disclosed.
ANNAPOLIS, Md. — Bob Kramer, the founder of the National Investment Center for Seniors Housing & Care, has announced he is launching a consulting firm for the aging-services industries named Nexus Insights. Based in Annapolis, NIC is a nonprofit data and reporting service that works exclusively with seniors housing. Kramer served as the organization’s CEO for 27 years before retiring from the role, but still serves as a strategic advisor. His new company is also based in Annapolis. In addition to seniors housing companies, Nexus will work with technology, healthcare, …
WASHINGTON, D.C. — Although a new federal law enacts a moratorium on some multifamily evictions during the COVID-19 pandemic, it is unlikely that this will apply to seniors housing communities, according to a note that the American Seniors Housing Association (ASHA) sent to its members on Tuesday, April 21. The Washington, D.C.-based organization’s legal counsel, Paul Gordon of law firm Hanson Bridgett, wrote the letter. “Section 4024 of the CARES Act, the comprehensive federal law responding to the COVID-19 pandemic, provides for a temporary moratorium on eviction filings for certain …
PHOENIX — Berkadia’s Seniors Housing & Healthcare group has provided $50.3 million in financing for four separate deals encompassing ten seniors housing properties. In the first transaction, Ed Williams secured a $5.5 million refinancing for a 51-unit assisted living and memory care community in Georgia for a repeat Southeast-based client. The property was constructed in two phases, with the last phase completed in 2008. The community’s historical occupancy has averaged over 90 percent. The Fannie Mae loan, which refinances existing HUD debt, has a 10-year term and two years of …
NAPLES, Fla. — Moorings Park Institute Inc. and London Bay Development Group have opened the first phase of Moorings Park Grande Lake, a continuing care retirement community (CCRC) in Naples. Located on 55 acres along the Naples Grande Golf Course, the first phase of development included three buildings totaling 47 units, all but three of which were pre-sold. Entrance fees start at $1.5 million and are 70 percent refundable, and golf club membership is included. “This has been a very unusual time to open a new community. Truthfully, we thought …
ARKANSAS — Newmark Knight Frank has brokered the sale of six skilled nursing facilities in Arkansas. The portfolio totals 868 beds. The average occupancy at the time of sale was 82 percent, and the average vintage was 1985. The buyer, seller, price and names of the facilities were not disclosed.
KERRVILLE, Texas — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 150-bed skilled nursing facility in Kerrville, approximately 65 miles northwest of San Antonio. The property was built in 2006. Cash flow was trending upward, despite occupancy near 50 percent, according the Blueprint. A private investor bought the asset and contracted with a Texas-based operator as the tenant. The seller and price were not disclosed.
WASHINGTON, D.C. — Argentum and the American Seniors Housing Association (ASHA), both organizations serving seniors housing owners and operators, issued separate statements regarding federal actions around the COVID-19 pandemic. Both organizations weighed in on a bi-partisan effort, led by Sen. James Lankford (R-Okla.), to ensure that seniors housing receives “a meaningful level of support” from the Public Health and Social Service Emergency Fund (PHSSEF). In all, 27 U.S. senators contacted the Department of Health and Human Services to encourage appropriate distribution levels from the $100 billion fund to seniors housing …