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AcquisitionsAssisted LivingFeaturesFinanceIndependent LivingIndustry VoicesInvestmentMemory Care

Seasoned Appraiser: Buyer-Seller Standoff Eases, Transaction Activity Picks Up

by Hayden Spiess

For over two years, a persistent bid-ask spread between buyers and sellers of seniors housing properties prevented many deals from getting done.  Seniors Housing Business (SHB) caught up with Brian Chandler, senior managing director and national practice leader for seniors housing for Raleigh, N.C.-based Partner Valuation Advisors. As an appraiser in the seniors housing and care sector, he is privy to in-progress deals months before closing, including transaction data.  He says a growing number of buyers and sellers are agreeing to close transactions and shares more here.  SHB: Some experts say a growing number …

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Kevin Giusti Walker & Dunlop quote on seniors from article
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory Care

With Seniors Housing Positioned for Growth, Financing Activity Begins to Stir

by Sarah Daniels

Slowly but surely, the performance of seniors housing assets is improving. While rent growth in 2022 in the sector represented a period of catch-up after the pandemic stymied the ability of operators to raise lease rates, continuing rent increases in 2023 began contributing to more meaningful net operating income recovery, according to Walker & Dunlop’s recently released Senior Housing Outlook report. Now, seniors housing owners are positioned for a sustained period of significant revenue expansion amid improving occupancy and a shortfall of new inventory, reports the Bethesda, Maryland-based commercial real …

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FeaturesFinanceGeorgiaIndustry ContentInvestmentNews

Improving Market Conditions, Re-emergence of Banks Give Seniors Housing Investors Cause for Optimism, Interface Panel Says

by Channing Hamilton

ATLANTA — Investment markets have been tumultuous over the past year, with high interest rates and inflation impacting the flow of debt and equity across the commercial real estate industry. Last year, many investors and brokers chose to weather the storm and try to make it to 2025, when it was estimated that interest rates would begin to moderate. Recently, however, conditions seem to be improving in the seniors housing sector, where many investors are leaving behind the “survive till 2025” strategy that defined 2023. Editor’s note: InterFace Conference Group, a …

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Morningstar at Ridgegate
AcquisitionsFrom The MagazineInvestment

Buyer, Seller Standoff Eases

by Jeff Shaw

By Bendix Anderson For more than two years, a persistent bid-ask spread between buyers and sellers of seniors housing has prevented many deals from getting done. Appraisers don’t expect a dramatic uptick in deal volume in the near term. “I’d love to see a big break in the dam, but at this point I expect more of a steady increase in the flow [of deals],” says Zach Bowyer, executive managing director and head of living sectors for Cushman & Wakefield, who is based in the firm’s Boston office. He is …

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Caroline Clapp, senior principal, NIC
Active AdultFeaturesInvestmentNewsOperationsWashington, D.C

Exclusive NIC Conference Coverage: High Occupancies Help Make Active Adult the Belle of the Ball

by Channing Hamilton

WASHINGTON, D.C. — A key performance metric helps explain why the active adult segment of seniors housing remains an investment darling. Among the nearly 800 properties and more than 116,000 units tracked nationally by NIC MAP Vision, the occupancy rate is 93 percent. By comparison, the occupancy rate for seniors housing properties (independent and assisted living) is in the high 80s. What makes that 93 percent occupancy even more significant is that it includes active adult properties that either recently opened or are in lease-up mode.  “If you look at properties that …

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AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Tempo of Deal Velocity Increases as Industry Enters Homestretch of 2024

by Channing Hamilton

By Matt Valley Following a quiet end-of-summer period on the dealmaking front — “quieter than it has been for years with the exception of the pandemic” — Sabra Health Care REIT Chief Investment Officer Talya Nevo-Hacohen encountered a flurry of transaction activity in late August and early September.  “It’s been gangbusters, and what we’re seeing is primarily seniors housing assets (independent living and assisted living) coming to market,” said the veteran REIT executive who participated in the webinar Seniors Housing Business hosted on Sept. 5, titled “Creating Value in Seniors Housing — …

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Creating Value in Seniors Housing panel
AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle

by Sarah Daniels

The Sept. 5 webinar “Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle,” sponsored by CBRE, brought together industry leaders to discuss the current trends shaping the seniors housing market, including occupancy rates, strategic investments and the evolving landscape of assisted living, memory care and independent living communities. This discussion covered innovative technologies, economic factors influencing cap rates, considerations about the future of care and analysis of increasingly sophisticated operations strategies. Expert panelists shared their experiences and projections for the sector, including the increasing demand for seniors housing …

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InterFace Seniors Housing Southeast Power Panel
FeaturesGeorgiaInvestmentNewsOperations

Careful Balance of Business Fundamentals, Quality Care Is Key to Success, Say InterFace Panelists

by Jeff Shaw

ATLANTA — Seniors housing is a sector that has a long track record of carefully balancing care for its residents with the fundamentals of real estate, namely the return on investment in the form of monthly rental rates. Equity and debt partners have appreciated the sector as an investment vehicle for decades, but are now fully grasping how important operators are to realizing those gains. This was the topic of discussion among the “power panel” of executives at InterFace Seniors Southeast, an annual conference that was held at Westin Buckhead …

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InvestmentNewsPeople

Priority Life Care Appoints Dennis Murphy as Chief Investment Officer

by Jeff Shaw

FORT WAYNE, Ind. — Priority Life Care (PLC), a Fort Wayne-based third-party operator, has hired Dennis Murphy as the company’s first-ever chief investment officer (CIO).  In conjunction with this hire, PLC announces the launch of its new growth fund aimed at expanding its footprint and enhancing its senior living communities. Murphy will lead capital raise initiatives, oversee underwriting, manage investor relations and direct asset management and the execution of all new joint ventures. With over 16 years of expertise in seniors housing, Murphy’s background spans accounting, financial planning and analysis …

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DevelopmentIndianaInvestmentKentuckyMichiganNewsOhio

Trilogy Health Services Announces Expansion Plans in Indiana, Kentucky, Michigan, Ohio

by Jeff Shaw

LOUISVILLE, Ky. — Trilogy Health Services has announced an investment plan to develop and expand senior living and assisted living services in Indiana, Kentucky, Michigan and Ohio.  The investment aims to help address the growing demand for senior living accommodations and services. The plan includes expanding facilities across several states and developing a new campus. Trilogy will kick off its patio home expansions this summer in Sylvania, Ohio, with 26 new independent living patio homes for seniors at The Lakes of Sylvania. The expansion is projected to start in July …

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