Top 10 U.S. Senior Housing Owners of 2013

| February 20, 2014

Ventas tops ASHA’s annual list of largest U.S. senior housing owners for the third year in a row, followed by Health Care REIT, which edged above #3 Brookdale Senior Living for the second spot in 2013.

The American Seniors Housing Association’s Top 50 list was released by the National Real Estate Investor with data compiled as of June 1, 2013. The third “Big 3″ REIT, HCP, takes the number four slot for the second year in a row, with Holiday Retirement rounding out the top five.

“The vast majority of companies represented in this year’s ASHA 50 rankings were also among the top 50 in last year’s rankings,” the report notes.

However, the total number of units owned by the 50 largest senior housing owners increased by 7% to 541,105 from the previous year. Brookdale has more than doubled in size since the 2011 ASHA report, while Health Care REIT’s “significant” growth in the past year was fueled by acquisitions including the $4.3 billion Sunrise Senior Living purchase.

Top 10 Largest U.S. Senior Housing Owners of 2013

  1. Ventas Inc. — 55,939 units
  2. Health Care REIT Inc. — 55,728 units
  3. Brookdale Senior Living Inc. — 48,670 units***
  4. HCP Inc. — 45,951 units
  5. Holiday Retirement — 33,303 units
  6. Boston Capital — 31,778 units
  7. Senior Housing Properties Trust — 31,726 units
  8. The Evangelical Lutheran Good Samaritan Society — 15,716 units
  9. Emeritus Senior Living — 15,616 units***
  10. Senior Lifestyle Corporation — 11,473 units

Other top-50 owners with less than 10,000 units include Assisted Living Concepts, Harrison Street Real Estate Capital, CNL, USA Properties Fund Inc., NorthStar Realty Healthcare LLC, and LTC Properties Inc. Spectrum Retirement comes in at #50 for the second year in a row with 2,722 owned units of senior housing.

“Publicly traded companies represent around a quarter of the largest 50 owners, and account for over half of the total units owned,” says the report.

The survey includes independent living, assisted living, memory care, and skilled nursing units that are part of a continuing care retirement community, along with rental and entrance fee units designated for seniors, but not Section 8 units or stand-alone skilled nursing beds. The ASHA 50 rankings also don’t include properties where more than 30% of the units are licensed for skilled nursing.

Click here to access the full ASHA 50 list for 2013.

***UPDATE: Thursday’s announcement of the Brookdale/Emeritus merger places Brookdale squarely in the #1 slot as largest U.S. senior housing owner, with 112,700 total units post-merger.

Written by Alyssa Gerace


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Category: Data, REIT, Senior Housing, Senior Living

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