So Long to 2009
December 21, 2009

It's been quite a year. For those of us in the business of helping buyers and sellers of senior care real estate, it's been a long year. The credit market freeze-up that began last winter hasn't shown many signs of thawing as this winter arrived. Over the course of the year, we've heard the frustration of those who want to buy, those who want to sell, and even those who want to lend. This has been a year of frustration but it's also been a year of renewal and opportunity.

Some would say that the business practices and asset pricing of a few years ago were out of control. They may be right. But the pendulum swings in both directions and errors are corrected. Like many others, we think the pendulum has swung too far in the opposite direction and we're confident that things will normalize soon. Despite challenges in financing, we have helped sellers and buyers close deals this year through persistence and a strong dose of creativity.

During turbulent times, there is always opportunity to be found. At Senior Care Realty, we've grown in 2009 by expanding our advisory services, opening an affiliate office in Phoenix, and launching a sale-leaseback program for assisted living providers. Each of these programs has seen success in 2009 and we believe they will be an even bigger part of our business in 2010 and beyond.

As the year comes to a close, we want to thank the many people who we had an opportunity to work with during 2009. We especially thank our clients who operate assisted living facilities and never cease inspiring us - your tireless efforts caring for others makes our job seem quite easy. We look forward to starting new with all of you in 2010.

Merry Christmas and Happy Holidays -

Mike

To learn more about investing in senior housing, contact Senior Care Realty at 877-834-4175 or visit www.seniorcarerealty.com.