Skilled Nursing News December 4, 2022
On Friday, news broke that the Ohio House approved $615 million in funding for the state’s skilled nursing facilities. Also on Friday, stocks were roiled by a better-than-expected federal jobs report, which stoked expectations of further interest rate hikes from the Federal Reserve.
These dynamics — funding measures at the state level and rising interest rates — will shape skilled nursing investment activity as 2022 concludes and the new year begins.
Michael Segal, executive managing director at Blueprint, anticipates interest rate hikes will continue to introduce a lot of uncertainty in capital markets, particularly on the debt side.
“For lenders, it has required a lot of deal structuring creativity, to be able to successfully close transactions in light of those...
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