MonticelloAM Seniors Housing Update
Welcome to the MONTICELLOAM, LLC Healthcare and Seniors Housing Monthly Update. In this edition, we cover our recent transactions, including an $87M skilled nursing deal, highlight an upcoming event, recap our charity golf event, and share the latest news in seniors housing.
$87M in Bridge and Working Capital Financing Closed for Florida Skilled Nursing Portfolio
MonticelloAM closed $87,000,000 in total bridge and working capital financing for a portfolio of skilled nursing facilities located in Florida.?
Read about the transaction here.?
Additional Transactions
Seniors Housing News and Insights
55% of Residents have 2 to 3 Chronic Conditions | CDC The CDC found that over half of residents in seniors housing communities have been previously diagnosed with two or three of the most common chronic conditions such as high blood pressure, Alzheimer disease/dementia, and heart disease. Read the Report
13 Straight Quarters of Increased Occupancy | NIC Seniors Housing demand remains strong as Q3 2024 saw occupancy reach 86.5%, up from 85.8% in Q2. Inventory growth hasn't matched demand with the fewest spaces under construction since 2014. Continue Reading
Transaction Volume Trending Upwards | Cushman & Wakefield Q1 2024 saw the lowest level of transaction volume since 2008 but has since increased 65% in Q2 2024, totaling $1.43B. With future interest rate cuts expected, industry participants will emerge from the sidelines to bolster the positive movement in activity. Discover More
Upcoming Event: The Healthcare Show
Joseph Borenstein , head of the MONTICELLOAM, LLC?Healthcare Sales Desk, will be speaking at The Healthcare Show on November 25th in Garfield, NJ.
He'll be a panelist on the "Capital Markets Insights: Funding the Next Era of Long-Term Care" session where he and other seniors housing professionals?will discuss the nuances of financing healthcare facilities.
Attending the event? Reach out to Joseph, Karina Davydov , Jack Lally , or James Schlesinger to connect during the conference.
Grateful Americans Charity Golf Event
MonticelloAM was honored to be the Host Sponsor of the 3rd Annual Grateful Americans Charity NY Golf Tournament at Metropolis Country Club on October 22, 2024.?
This event backs the honorable work GRATEFUL AMERICANS CHARITY does to provide resources that support programs aimed at ending Veteran homelessness and suicide, while combating the invisible wounds of war such as Post Traumatic Stress Disorder (PTSD).?
We thank those who supported and participated in the event, looking forward to seeing you next year!
Learn about Grateful Americans Charity here.?
Have a Seniors Housing opportunity? Connect with our team:
Senior Managing Director
646.845.4307
?
Managing Director
646.314.4331
Managing Director
310.606.0888
Vice President
646.314.4324
Vice President
646.845.4316
Associate
516.281.4372