A Viable Source Even When ARRA Funding Expires September 30 Financing programs provided by the U.S. Department of Agriculture (USDA) have filled a void in the credit market over the past year or so, as the tax-exempt bond market pretty much evaporated for nonrated...
First Half of 2010 Outpacing 2009 Acquisition Volume After hitting a transaction volume peak in 2006 and 2007 with $22.6 billion and $16.6 billion, respectively, of publicly announced acquisitions in the seniors housing and care market, the volume of deals quickly...
Some Clues As to What Is Happening In Seniors Housing Only a few companies have reported their second quarter earnings results, and in one case we get a partial story on a company’s operating performance. But NIC MAP has come out with its preliminary numbers on...
Lawsuits, Verdicts, Reimbursement: Bracing For The Future Very few people remember what happened a little more than seven years ago, but in early 2003, an unknown entity (at least to the senior care world) stepped in at the last minute and snatched the remaining...
Who Wins? And What Can We Learn From The Clare Experience? On July 1, investors holding $91.5 million in bonds in The Clare at Water Tower, the struggling high-rise CCRC in downtown Chicago, overwhelmingly agreed to exchange their Series 2005 bonds for a package that...
Two Illinois CCRCs File For Bankruptcy Protection In April of this year, the bankruptcy court entered an order confirming the plan of reorganization of Erickson Retirement Communities and the sale of certain assets to Redwood Capital Investment. Many people thought...