HealthTrust Canada Principal Peter Matteson has written an insightful article on Ontario Long-Term Care wait times. We hope you find it useful.
Contact Peter today to see how our services can help you meet your future development plans.
HealthTrust, a leading provider of real estate valuation and advisory services to the healthcare and senior housing industries, would like to congratulate the following outstanding individuals on their recent promotions.
Ilya Gaev, MAI, has been promoted to Director. Mr. Gaev joined the firm in 2013, bringing over 10 years of appraisal experience. Ilya currently manages the day-to-day activities of our Boston office and specializes in seniors housing and healthcare valuation.
Shane Lovelady, MAI, has been promoted to Director. Mr. Lovelady rejoined HealthTrust in 2012, having worked with the firm previously for over 5 years. Shane currently divides his time between our Birmingham and Los Angeles offices and specializes in the appraisal of medical office and healthcare facilities.
Kim Walther has been promoted to Director. Ms. Walther has been with HealthTrust since 2007, working diligently from the position of associate appraiser up to director. Kim specializes in agency valuation and is located in our Sarasota office.
Jason Skalko has been promoted to Senior Associate. Mr. Skalko joined the firm in 2010 after completing his Masters at the University of Florida. Jason got his start in our Sarasota office and has since relocated to Boston where he focuses on various seniors housing and healthcare appraisal assignments.
HealthTrust Partner David Rey Salinas will be available for meetings at this year’s ULI Fall Meeting. We always look forward to this event. Please let us know how we can help.
To schedule a meeting, please email David Salinas here, or call us at 941-363-7500.
For more information about the ULI Fall Meeting, please visit fall.uli.org.
The latest issue of our “Trends in Seniors Housing” newsletter is now available for download here.
In this issue HealthTrust Senior Partner Alan Plush elaborates on a frequently asked question. Peter Matteson from our Canadian division provides an in-dept look at Trends in the Canadian market, and we tell you a little bit about what’s happening around here. Hope you enjoy.
If we can be of assistance, call us at 941-363-7500 or contact us here.
In August 2013, David Rey Salinas, MAI, ASA was appointed to the ULI Senior Housing Council, a 50-member panel of professionals (senior living and healthcare real estate) who meet twice a year during ULI Spring and Fall Meetings. The many U.S. Product Councils play a key role in ULI’s mission of providing leadership in the responsible use of land and creating and sustaining thriving communities worldwide. “It gives me the opportunity to connect with industry leaders and both share ideas and learn from others who specialize in the seniors housing and healthcare industry niche,” says Salinas regarding the appointment. “It is also nice to spend time with members in a more relaxed atmosphere during scheduled pre-meeting activities; noting recent tours of The Clare and The Admiral, two newly constructed high-rise CCRCs in Chicago were arranged. Aside from the Council, what I enjoy most about attending the ULI General Session is the diversity of its members; backgrounds, career specialties, and the different countries they live in. It’s a real eye-opener and it’s nice to venture outside the senior housing appraisal space from time to time.”
The ULI Spring Meeting is just around the corner. We’ll be available to answer all your senior housing valuation questions. To schedule a meeting, please email David Salinas here, or call us at 941-363-7500.
For more information about the ULI Spring Meeting, please visit http://spring.uli.org/.
The latest issue of our “Trends in Seniors Housing” newsletter is now available for download here.
In this issue:
Market Update with Alan Plush, MAI
HealthTrust Senior Partner Alan Plush recaps recent NIC, ASHA and Stifel Nicolaus meetings while providing insights into the current state of the seniors housing and healthcare capital markets. Construction, cap rates and senior housing appraisal and valuation trends are also discussed.
ASHA Recap with Colleen Blumenthal, MAI
HealthTrust Managing Partner Colleen Blumenthal provides her take on the 2014 ASHA Annual Meeting. Topics discussed are new construction initiatives, capital investment, technology and further insight into cap rates.
Housing Trends in Canada with Peter Matteson
Principal for HealthTrust Canada, Peter Matteson highlights current trends in the residential retirement, assisted living and long-term care sectors of Canada and how they will impact supply and demand.
If you’re looking to buy, sell, refinance or invest in an assisted living, independent living, CCRC or long-term care facility, this issue is not to be missed. Download Here.
If we can be of assistance, call us at 941-363-7500 or contact us here.
HealthTrust Canada has moved to our new office located in Mississauga, part of the Greater Toronto Area.
Please make a note of the new address and phone number below.
HealthTrust Canada
2430 Meadowpine Blvd., Unit 103
Mississauga, Ontario L5N 6S2
1-416-818-3030
Our experienced senior housing appraisers can now provide healthcare, nursing home, and long term care appraisal and valuation services, market research, and financial feasibility consulting services to clients throughout Central and Western Canada.
For more information, please contact Peter Matteson or call us at 1-416-818-3030.
HealthTrust Partner Colleen Blumenthal, MAI will be speaking at the Facilitated Roundtable on Valuation Trends at ASHA’s 2014 Annual Meeting. The event will be held January 26-28 at the Turnberry Isle Miami Resort in Aventura, FL. Likely content will include current capitalization rate trends, transactions, senior housing appraisal, and other related topics. Colleen also specializes in HUD valuation and appraisal methodologies, and we encourage those interested in this sector to tap into her expertise.
Weather will certainly be one of the highlights for those arriving from the extreme temperatures experienced in the northern United States this winter. The disparity in temperature from parts of Michigan and Wisconsin versus Florida approached 100 degrees earlier in January – so the Miami climate will be a welcome reprieve.
Partners in attendance will include Alan C. Plush, MAI, Colleen H. Blumenthal, MAI and David Rey Salinas, MAI, ASA. The HealthTrust team will be available for meetings and we encourage those interested to look for us during the event, or contact us now to make arrangements. We hope to see you there.
The SeniorCare Investor’s Merger and Acquisition Webcast Series presents “Assisted Living Facilities: Buying, Selling, and Valuing” – Thursday November 14, 2013 1:00 pm ET
In 2012, assisted living communities set a new pricing record at an average price of $164,000 per unit, which topped the previous record set in 2007. Many factors enabled this to happen such as a drop in cap rates, an increase in lenders in the market, higher quality properties and portfolios on the market and many more aggressive buyers, including the smaller REITs and private equity firms. We will look at the impact of a resuscitated development market on current and future values. There is a fear that with so much new development in certain markets, and with new developers entering the market, the assisted living sector may be faced with another round of overbuilding. Would this take all values down as buyers and lenders pull back? Will the new properties be the winners as they out-compete the 1990s vintage communities, which at the time were state-of-the-art? No one knows the answer, but we will have a healthy discussion of what the real risks are, if any.
Our panel of experts include:
* Stephen M. Monroe (Moderator), Managing Editor and Partner, Irving Levin Associates, Inc.
* Alan Plush, Senior Partner at HealthTrust, LLC
* Paul Dendy, Founder & Chief Executive Officer, Milestone Retirement Communities, LLC
* Todd Jensen, Chief Investment Officer, ARC Healthcare Advisors, American Realty Capital
* Scott Stewart, Managing Partner, Capital Seniors Housing
To register Click Here or call 1-800-248-1668.
With the formation of HealthTrust Canada Inc., and the opening of an office in Toronto, HealthTrust is pleased to announce its return to the Canadian market.
Peter Matteson, formerly with Revera, has been named Principal. Peter brings over 25 years of experience in the seniors housing, residential retirement and licensed long-term care sectors, having provided consulting, market research and feasibility services to many of the major owner / operators in Canada.
We are excited to have Mr. Matteson as part of the HealthTrust team. This partnership ensures our Canadian clients receive the same expert level of service we have provided in the U.S. for over 10 years.
Read more about Peter Matteson here, and be sure to contact us with any questions. We look forward to working with you.
Long Term Care CXO Summit – July 25-26, 2013 at Eau Palm Beach Resort & Spa, FL.
HealthTrust Senior Partner Alan Plush, MAI, is gearing up to attend this year’s Long Term Care CXO Summit at Eau Palm Beach Resort & Spa. The Long-Term Care CXO Summit is the premium forum bringing senior level executives and solution providers together. The Summit offers an intimate environment for a focused discussion of key new drivers shaping the long-term care industry.
For more information, please visit longtermcaresummit.com.
Contact Alan Plush to schedule a meeting. We look forward to seeing you there!
CCRCs: Buying, Selling and Valuing – Thursday, May 23, 2013 at 1:00 p.m. ET – Hosted by: Irving Levin Associates, Inc.
We hope you join us as HealthTrust Partner David Salinas, MAI, joins a panel of industry experts in Irving Levin Associates‘ webcast “CCRCs: Buying, Selling and Valuing”. This webcast promises to provide a unique assessment of today’s CCRC market. Here are just a few topics to be covered:
Is there such a thing as a cap rate for CCRCs?
How do refundable entrance-fee liabilities impact the purchase price?
What is the best ratio of IL, AL and SNF beds for a CCRC?
How does the size of the campus impact the value and purchase price?
What is the best way to finance a CCRC acquisition?
What’s the primary concern of a buyer when looking at a CCRC purchase? How about the seller?
PLUS…your chance to ask our panel of experts any questions about buying, selling or valuing hospitals.
For more information on how to register for this webinar, please visit http://www.levinassociates.com/.
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