Saturday, November 23, 2024
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Steve Muth sales volume seniors
Content PartnersFeaturesFinanceIndustry ContentInvestmentM&T Realty Capital Corporation

Improving Seniors Housing Sector Fuels Anticipation of Financing Rebound in 2022

by Sarah Daniels

A COVID-19 hangover has tested seniors housing in 2021. Low occupancy rates along with staff shortages, rising expenses and other conditions have not only created a difficult operating environment, but they also have dampened financing activity as owners have delayed putting properties on the market or seeking refinancing. As fundamentals continue to improve, however, seniors housing finance experts are looking forward to a busier 2022. A significant rebound in demand combined with limited new supply helped push the average seniors housing occupancy rate to above 80 percent nationally in the …

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Active AdultFrom The MagazineInvestment

Why So Many Investors Are Chasing Active Adult

by Jeff Shaw

Favorable demographic trends and the sector’s strong performance during the pandemic have helped attract capital, says InterFace panel. By Matt Valley Aron Will refers to active adult as the “chameleon asset class” because it exhibits characteristics of both the multifamily and seniors housing sectors. “Quite frankly, there are more characteristics of seniors housing than people give it credit for,” said the vice chairman and co-head of National Senior Housing for CBRE. But from an investment sales standpoint, many buyers and sellers view the sector through a prism that is either …

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Steven Muth Seniors stabilization M&T
Content PartnersFeaturesFinanceIndustry ContentInvestmentM&T Realty Capital CorporationOperations

Seniors Housing Owners Have an Opportunity to Build a Bridge to Stability

by Sarah Daniels

Seniors housing owners struggling with low occupancy and maturing debt have found themselves in a state of financing limbo. Preferred lenders that cater to the industry, including FHA/HUD, Fannie Mae and Freddie Mac, won’t consider providing a mortgage to properties that are not stabilized. Operators need time to remedy the problem amid COVID-19’s detrimental influence on resident recruitment and other operations. The situation is particularly challenging for developers who have recently completed projects but are experiencing longer-than-anticipated lease-up periods and may not have qualified for any federal aid programs. What’s …

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Active AdultAffordable HousingAssisted LivingFinanceIndependent LivingIndustry ContentInvestmentOperationsVideosWebinars

Webinar: Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers

by Sarah Daniels

  On Sept. 28, Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers in Today’s Environment“. Seniors housing experts spoke candidly about factors like labor shortages and the spread of the Delta variant impacting seniors housing valuations and the industry’s struggle to return to pre-pandemic transaction volumes. As the year has progressed, how has the outlook changed for seniors housing professionals to take into account market trends and the activity of buyers and sellers? How are cap rates and cash flow influencing …

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Affordable HousingCompany NewsInvestmentNews

Boston Financial Closes $221M Affordable Housing Investment Fund

by Jeff Shaw

BOSTON — Boston Financial Investment Management has closed its Boston Financial Institutional Tax Credits 55 Limited Partnership (ITC 55), a $221 million Low Income Housing Tax Credit (LIHTC) fund. ITC 55 comprises 22 tax credit investments, with plans to finance more than 1,800 affordable housing units across 16 multifamily and six senior living communities. Nine institutional investors from the banking and insurance sectors participated in ITC 55, five of which were new investors with Boston Financial. Additionally, more than 30 percent of the development partners were nonprofit entities. The fund …

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FeaturesInvestmentNews

In Seniors Housing, Investment Decisions Should Be Based on Trusted Partners, Say InterFace Panelists

by Jeff Shaw

ATLANTA — The beginning of the COVID-19 pandemic made everyone question the future, and for investors and owners in the seniors housing business sector, things were rocky. The National Investment Center for Seniors Housing and Care reported the occupancy rate in seniors housing facilities decreased 680 basis points in 2020 to record lows. In 2021, there has been a rebound in confidence in the economy as people return to working in an office and many Americans have been fully vaccinated against COVID-19. Additionally, occupancy rates in seniors housing properties have …

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From The MagazineInvestment

REITs Take Differing Paths

by Jeff Shaw

Strategies of the industry’s biggest publicly traded owners range from billion-dollar purchases to exiting seniors housing altogether. By Jeff Shaw Publicly traded seniors housing REITs have experienced a roller coaster ride over the past 18 months. Stock prices soared in early 2020, then crashed in March 2020 as the pandemic began. Occupancy rates hit record lows and are just now showing signs of recovery. It has been a volatile period of highs and lows. As an example, Welltower (NYSE: WELL), the largest owner of seniors housing in the United States, …

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From The MagazineInvestment

Company Profile: CareTrust Finds Its ‘Secret Sauce’

by Jeff Shaw

With operational history in its front office, the publicly traded REIT is succeeding where others have feared to tread — skilled nursing. By Jeff Shaw The skilled nursing sector faces some unique headwinds. As the most healthcare-heavy form of seniors housing, nursing homes require intense specialization on the part of operators. The falling occupancy rates stemming from COVID-19 have put enormous strain on operator’s net operating income.  NIC data shows skilled nursing hit an all-time low of 70.7 percent in January, compared with 80.7 percent for independent living and assisted …

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Industry VoicesInvestment

The SHB Interview: Michael Gordon, Harrison Street

by Jeff Shaw

Investor sees a bright future in seniors housing. By Jeff Shaw Harrison Street, a Chicago-based investment management firm, has made its name by specializing in alternative assets — focusing on seniors housing, student housing, medical office, life sciences, data centers and self-storage.  Through privately managed funds, the investor built an impressive portfolio. Harrison Street owns more than 200 communities totaling approximately 28,000 units, of which 35 percent are independent living, 45 percent are assisted living and 20 percent are memory care.  The American Seniors Housing Association (ASHA) ranked Harrison Street …

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KeyBank Seniors Housing Sales Shoop
AcquisitionsContent PartnersFeaturesIndustry ContentInvestmentKeyBank

Seniors Housing Sales Pick Up as Recovery Gains Steam

by Sarah Daniels

As the seniors housing industry slowly recovers from occupancy declines and disrupted operations due to COVID-19, investors are back in the market hunting for deals. Some $3.2 billion in seniors housing and care facilities traded hands in the second quarter this year, a year-over-year increase of a whopping 122 percent, according to Real Capital Analytics, which tracks real estate deals of $2.5 million or more. The jump in sales is hardly surprising when compared to the pandemic-riddled prior period. But unlike past downturns, the fact that seniors housing has become …

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