REIT Sell-Offs, Investor Demand Fuel Strong Skilled Nursing Volume in Q2

Portfolio sales drove seniors housing and care volume in the second quarter, and skilled nursing facilities played a major role in that momentum, according to acquisition data from Irving Levin Associates, Inc. The second quarter saw 106 publicly announced seniors housing and care acquisitions, up 35% from the year-ago period and 30% higher than the first […]

Senior Care M&A Dollar Volume Rises 20% in First Quarter

The first quarter of 2018 was busier than the year-ago period for senior housing and care transactions—and more than half of the properties that traded hands were skilled nursing facilities, new data show. Seventy-seven publicly announced senior housing and care acquisitions took place in the first quarter of 2018, which is up from the 70 […]

Average Price-Per-Bed For SNFs Plummeted in 2017

After five consecutive years of record prices, the average price per bed for skilled nursing facilities fell to $81,350 in 2017, a drop of 18% from the year prior. It might have fallen even further if the average cap rate in 2017 had not remained at historical norms, according to a press release from Norwalk, […]

Senior Care M&A Spending Lagged in Q3

The dollar volume of senior housing and care properties changing hands dipped slightly in the third quarter of 2017—but nearly half of all deals that quarter involved skilled nursing properties or portfolios. 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 […]

Why SNF Investment Risk Exists in the Eye of the Beholder

Among large swaths of the real estate investment community, reducing exposure to skilled nursing assets is considered a smart play at the moment. Given the uncertain regulatory landscape and shifting payment models, betting on SNFs may just not seem worth it. But several players in the SNF investment market believe that the asset class isn’t necessarily […]

Prices for Long-Term Care Facilities Spike Nearly 300%

The dollar value of long-term care (LTC) facility transactions ballooned by nearly 300% in the second quarter of 2017, even as the absolute number declined. LTC facilities commanded a total of $9.7 billion in the second quarter of 2017, a 299% increase from the $2.4 billion that changed hands in the second quarter of 2016 […]

Per-Bed Skilled Nursing Prices Tripled Over Last Decade

Flying in the face of “contrarian” analysts who “signed its death certificate,” the skilled nursing industry continues to attract attention and dollars from investors, with per-bed prices tripling since 2003, a new report states. The median SNF sold for $94,600 per bed in 2016, a gain of 42% from 2015, according to a report released Wednesday by Irving […]