News & Updates
Repurposing assets into senior living communities provides cost-effective solutions to address the senior housing shortage. “You’re likely doing this because you need to provide senior housing at a lower cost, or you need to convert an under-performing asset into a better performing asset, but you always have your cost basis plus the cost to renovate,” […]
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Seniors housing occupancy has grown for 13 consecutive quarters, according to the National Investment Center for Seniors Housing & Care (NIC). In the third quarter of 2024, a quarter-over-quarter increase of 70 basis points bumped average occupancy in the U.S. up to 86.5 percent, a level just a notch below what it was in late […]
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3D Realty Group recently assisted with the sale of a 20-bed Community Based Residential Facility in Calumet County. The seller was looking to exit the industry and the buyer wanted to expand. 3D Realty Group helped with the smooth transition of this fully operational facility to the new ownership. This property was sold at asking […]
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According to NIC Analytics, there were five takeaways that came from their second quarter senior housing data. In summary, these were: #1 Occupancy Increased for the 12th Consecutive Quarter #2 Occupied Units Continue Climbing to Record Highs #3 Annual Inventory Growth Rate Remained Low #4 Senior Housing Units Under Construction Least Since 2014 #5 Construction […]
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3D Realty Group recently facilitated the sale of an 8 bed CBRF in a quiet neighborhood of Milwaukee County. The seller was looking to retire and the buying entity was looking to get started in the industry. This was a well-run facility with a long history of strong occupancy. Given our strong buyer list, there […]
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Congrats to Dawn Davis! Dawn is a recipient of the 2024 Five Star Professional Award. The Five Star Professional research team rates real estate advisors based on certain criteria for advisors in the industry for over 5 years. This criteria includes: Overall satisfaction Whether survey respondents would recommend the advisor to others Meeting production thresholds […]
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Seven Straight Years: eXp Realty Makes Glassdoor’s Best Places to Work List! eXp Realty continues it’s reputation as a great place to work. eXp, again, makes Glassdoor’s Best Places to Work list – for the seventh straight year in the U.S.! eXp Realty is ranked No. 22 on Glassdoor’s 2024 list of 100 Best Places […]
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Expect interest rates to be lower by the third quarter, settling in the 5.5% to 6.0% range and holding steady for 24 months after that, according to Peter Quinn of Kidder Mathews, in an article by ALM Global. Putnam maintains that expectations for lower rates will support a hold mentality by investors as values will […]
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