Seniors housing property owners need to prepare by finding ways to grow EBITDA
Investment
Investors Look for Hidden Value in This Seller’s Market, Say InterFace Seniors Housing Panelists
by Jeff Shaw
ATLANTA — The seniors housing industry is undoubtedly in a seller’s market right now, with record-high sales prices and record-low capitalization rates. How, then, do investors find properties worth buying in such a hot market? Industry experts discussed this topic at a panel entitled “Investment Market Update: Who’s Buying, Who’s Selling & Will Velocity Keep Going Up and Cap Rates Keep Going Down?” at the recent InterFace Seniors Housing Southeast conference in Atlanta.
Based on the latest data of U.S. property and portfolio sales in seniors housing, 2015 is shaping up to be another strong year on the transactions front. According to Real Capital Analytics, deal volume year to date through August was up 32 percent compared with the same period in 2014, which also was considered a banner year.
WEST POINT, Pa. — Senior living provider ACTS Retirement-Life Communities has unveiled a multi-year strategic plan to renovate and reposition its portfolio of continuing care retirement communities (CCRCs). The renovations are expected to total approximately $300 million over the next three years.