Senior Housing M&A Dropped 39% Between 4Q20 and 1Q21

The number of publicly announced senior housing transactions fell sharply this year, and the pandemic is the big reason why. There were just 77 such deals in the first quarter of 2021, according to new acquisition data from Irving Levin Associates. That’s 39% lower than the 127 transactions recorded in the fourth quarter of 2020, […]

Assisted Living Average Price Per Unit Plunged 30% During the Pandemic Last Year

The Covid-19 pandemic took a deleterious toll on the senior living industry last year — and average senior housing values dropped as some owners looked to divest. The average price per unit for senior housing communities, which includes assisted living and independent living properties, fell to $196,200 per unit in 2020, representing a 20% decrease […]

Senior Housing M&A Activity Down 44% Compared to 2019 Levels

The coronavirus pandemic is having a deleterious effect on senior housing and care M&A activity – especially when compared to a historic landscape a year ago when all buyers were in the space looking for opportunities. The third quarter of 2020 ended with 58 announced deals totaling $1.48 billion in transaction volume, according to acquisition […]

Welltower, Ensign Group Drive 2019 Long-Term Care M&A Activity

Interest in long-term care assets continued to lead health care merger and acquisition activity in 2019, although overall activity declined slightly amid growing uncertainty over the global economy, major health care policies and the 2020 elections. Notably, deal volume for long-term care assets, which includes assisted living, accounted for 34% of health care M&A activity […]

Middle-Market Plays to Reshape Senior Living Acquisition Activity, Prices

Robust senior housing acquisition activity is likely to continue into 2020, driven by the continued low interest rate environment as well as the increased focus on middle-market products and the creation of multi-brand portfolios. That middle-market focus is also driving more interest from big players in secondary and tertiary markets, which are friendlier to this […]

Senior Housing Deal Volume Ticks Up to Start 2018

The first quarter of this year proved busy for senior housing and care buyers, though real estate investment trusts (REITs) continued to stay largely on the sidelines. Seventy-seven publicly announced senior housing and care acquisitions took place in the first quarter of 2018, which is up from the 70 acquisitions that took place in the […]

Assisted Living Price-Per-Unit Hit Record High in 2017

The average price per assisted living unit in the U.S. has hit a new high-water mark despite some industry pressures. Average price per unit paid grew by 14% to a new record of $221,250t, according to the latest Senior Care Acquisition Report from market intelligence firm Irving Levin Associates. The average cap rate for assisted living communities […]

Senior Housing M&A Spending Drops Sharply to End 2017

The dollar volume of senior housing and care acquisitions dropped at the end of 2017—and tax reform may be partly to blame. Approximately $1.85 billion worth of seniors housing and care properties traded hands in the fourth quarter of 2017, according to the most recent statistics from Irving Levin Associations. This is down from the […]

Senior Housing M&A Spending Dips in Q3

The dollar volume of senior housing and care properties changing hands sagged in the third quarter of 2017. About $2.5 billion worth of such acquisitions were publicly announced during the second quarter of 2017, according to the most recent statistics from Irving Levin Associates. That’s a far cry from the second quarter’s blockbuster volume of $9.7 billion […]

Assisted Living M&A Prices Reach All-Time Highs

For assisted living property owners, it has very much been a seller’s market. That’s because the average price per unit of assisted living communities reached an all-time high in 2016, according to a newly released report. Specifically, the average price per unit of assisted living communities sold last year was more than $196,600, which is 2.4% […]