Skilled nursing mergers and acquisitions in 2014 are likely to be fueled by ongoing regulatory and reimbursement uncertainty and its impact on small operators, brokers and investors agree. “Our pipeline is deeper on the nursing home side because of the uncertainties,” says Jeremy Stroiman, CEO of brokerage firm Evans Senior Investments. The 2014 M&A opportunity lies with […]
Formation Capital
American Realty Capital has completed the acquisition of a Class A senior housing community in Katy, Texas, purchased for $71.25 million from Formation Development Group, LLC and affiliates of The Carlyle Group. HFF marketed The Solana at Cinco Ranch, a 184-unit independent living, assisted living, and memory care community, on behalf of the sellers. The […]
Assisted living is expected to continue its domination of the senior housing investment and acquisition scene in 2014 following a year where the sector grabbed industry headlines for new construction volume and low cap rates. “For new development and newer, Class A product, assisted living and memory care are probably going to be the most […]
Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]
Senior housing underwriters are taking notice as new construction ticks up as a percentage of existing inventory, but capital providers are playing a role in making sure the industry doesn’t get overbuilt. “[New construction] has a dramatic impact on underwriters,” Justin Hutchens, president and CEO of National Health Investors (NYSE:NHI), said during the 2013 Annual […]
Formation Capital announced today the acquisition of a 36-property senior housing portfolio for approximately $400 million with investment partner SAFANAD, a global principal investment house, from an undisclosed seller. Senior Lifestyle Corp., based in Chicago, will continue to manage a portion of the communities, while Frontier Management, Prestige Senior Living, and other senior living management […]
Whether the aging nursing home stock can be saved through capital expenditures for repositioning, or is suited only for the wrecking ball, is an issue those involved in the skilled nursing industry don’t exactly agree on. The average age for the industry’s skilled nursing stock is about 35 years, according to data from the National […]
The senior housing industry is coming down off a high following 2011’s $27.3 billion worth of transactions, and there’s debate as to whether the high-octane real estate investment trusts are taking time out to digest their new purchases or are already gearing up for the next acquisition binge. With transactions only totaling about $3.2 billion […]
The senior housing industry considers 2011 as the Year of the REIT, but despite this year’s sharp decline in acquisition activity, it could just be a digestion period functioning as a calm before the next storm, said executives from several healthcare real estate investment trusts during NIC’s National Conference. It’s possible many big players are […]
With new senior housing and care construction still challenging to finance, investors and operators have a great opportunity to reposition aging stock to meet the demand of future residents, said panelists at the National Investment Center for the Seniors Housing & Care Industry’s National Conference earlier this week. There has been a “dramatic” change in […]
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