Skilled Nursing Facilities: Buying, Selling and Valuing - October 11, 2012

Recorded Thursday, October 11, 2012 at 1:00 p.m. (Eastern)

The skilled nursing market is dead, right? Medicare and Medicaid reimbursement uncertainties are keeping buyers out of the market and prices low, right? All wrong. It is time to think again about the skilled nursing sector and the acquisition market. Recent M&A activity has been robust, to say the least, and prices have been as high as $150,000 per bed and higher. But why are buyers willing to pay what seems like such a high, risky price for an asset that has so many potential problems, but also so much opportunity in the changing post-acute environment?

 

Webcast
AT A GLANCE
DATE: Recorded Thursday, Ocotober 11, 2012
TIME: Whenever it's convenient for you. A recording will be made available in your membership account.
PLACE: Anywhere you can connect online
COST: Buy now for $193!
REGISTERING IS EASY:
1. Online
2. Call toll-free: 1-800-248-1668


BUY TODAY and learn about the ins and outs of buying, selling and valuing skilled nursing facilities from our panel of leading industry experts—without ever having to leave your desk:

How do you determine whether that high cash flow which results in a high value will last?
Does a buyer discount that type of a facility (higher cap rate) because of that risk? 
Should it be treated differently?
How do you value a SNF with potential, without giving all the upside to the seller?
Should you believe the seller’s forecasts?
PLUS...your chance to ask our panel of experts any questions about the ins and outs of buying, selling and valuing skilled nursing facilities.

 

Panel of Experts:

Stephen Monroe
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the Read More
Editor, The SeniorCare Investor
Kent Eikanas
Mr. Eikanas has over ten years of experience in the acquisition, financing, asset management and disposition of healthcare real estate located throughout the United States. Mr. Eikanas joined Cornerstone Real Estate Funds in January 2012 and has been highly effective in advancing the company’s healthcare real estate initiative. Mr. Eikanas has acquired or managed a combined asset value of approximately $1.0 billion of healthcare real Read More
President and Chief Operating Officer, Cornerstone Real Estate Funds
JP LoMonaco
Mr. LoMonaco is the President of Valuation & Information Group, Culver City, CA. He entered the real estate consulting industry in 1989. Over the years, clients have relied on Mr. LoMonaco for lending, litigation support, asset allocation, due diligence, lease negotiation, tax appeals, bankruptcy proceedings and market and site selection.   Mr. LoMonaco's assignments include market feasibility analysis, appraisal reports, lease Read More
President, Valuation & Information Group
Mark Myers, Executive Director, IPA, Senior Director, Marcus & Millichap
Mark Myers joined Marcus & Millichap as an investment specialist in November of 1993. He is a Senior Vice President Investments of the National Seniors Housing Group and Executive Director of the Institutional Property Advisors (IPA). Myers and his team have closed approximately $3.21 Billion in seniors housing transactions, representing government entities, private investors, institutional clients, and seniors housing operators in the Read More
Executive Director - IPA, Senior Director - National Senior Housing Group, Marcus & Millichap
Avi Rothner
Mr. Rothner has fifteen years experience in the research, analysis, acquisition and operation of value-added investments, having started his career on Wall Street. Mr. Rothner joined Hunter Management, his family’s company, in 2005. In that time, he has led acquisitions of over 20 skilled nursing facilities in several states from public, private, non-profit and government sellers, and has successfully managed in excess of 250,000,000 in Read More
Vice President of Acquisitions, Hunter Management