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Deaconess Long Term Care Inc. has sold 11 of its facilities in Missouri to affiliates of Platinum Health Care LLC for $27.2 million in an all-cash deal. Consisting of 852 licensed skilled nursing beds and 128 assisted living beds, the portfolio...
The success of a business model often depends on current economic conditions. Take, for example, Erickson Retirement Communities of Catonsville, Md. The company built a number of large-scale continuing care projects when capital was readily avail...
Growing up on the Caribbean island-nation of Antigua, Egbert Perry recalls, “I never felt poor.” True, his father, Percival Perry, earned only about $1,000 a year running a chicken feed business, and Egbert was one of 11 children.
But wealth com...
Leverage is like cocaine, theorizes Leo Wells, founder and president of Wells Real Estate Funds, which has invested more than $12 billion in real estate since its inception in 1984. “Everybody is going to start off as a social user, and debt is t...
A battle is raging in New York and across the country between assessors and taxpayers at odds over the market value of golf courses and their associated membership clubs...
In economic terms, inflation is defined as a rise in the general level of prices of goods and services in an economy over a period of time. When prices rise, each unit of currency buys fewer goods and services, eroding real consumer purchasing...
The current recession, which real estate professionals might be more inclined to call a depression, likely will continue generating an almost bottomless supply of mortgage defaults for several years to come. Consequently, we can expect to see an ...
