• National Health Investors Reports Its Most Active Year

    National Health Investors released its fourth-quarter and full-year 2025 results, and it made significant strides in 2025. The REIT completed $392.4 million in investments, marking its most active year yet. Its SHOP portfolio expanded from 15 communities to 26 during the year, and has kept the momentum going into 2026. So far this year, the... Read More »
  • American Healthcare REIT Continues Its Momentum

    American Healthcare REIT expanded both its Integrated Senior Health Campus and SHOP segments in 2025, completing $950 million of new investments across the two. The ISHC portfolio grew from 126 properties at year-end 2024 to 147 by the end of 2025, while the SHOP segment increased from 70 to 83 properties.  Same-community ISHC properties... Read More »
  • Town Lane and Arcole Acquire Their Fifth Community

    Town Lane and Arcole made the fifth seniors housing investment in their inaugural $1.25 billion real estate fund. Town Lane is a real estate investment firm, and Arcole is a recently launched seniors housing platform that partners with operators to acquire newer-vintage, full-continuum communities in high-growth markets. The joint venture will... Read More »
  • NYC’s First CCRC Development Secures Major Financing

    Ziegler closed River’s Edge, the largest senior living tax-exempt bond transaction to date, totaling more than $600 million. River’s Edge is the first CCRC project in New York City and will be located on the campus of its sponsor, not-for-profit RiverSpring Living, in the Riverdale section of the Bronx. An affiliate of the sponsor, RS Services,... Read More »
  • LTC Properties Buys into SHOP Growth

    LTC Properties released its 2025 fourth quarter results and 2026 guidance, and in it reiterated its shift toward its newly established SHOP segment. During the second quarter of the year, the company established the segment, marking its shift in focus from the skilled nursing sector. Later in Q2, it terminated its Anthem Memory Care triple-net... Read More »
Brookdale’s Operations Improve While NOI and Margins Lag

Brookdale’s Operations Improve While NOI and Margins Lag

Following the preliminary results announcement after the January 28 close, Brookdale Senior Living’s stock spiked 11.5% on January 29. Investors cheered the upbeat early numbers, but the mood shifted once the official quarterly and full-year results came out February 18 after the bell. The stock opened nearly 7% below the prior close and dropped more than 10.5% intraday. While a broader market selloff amid geopolitical uncertainty didn’t help, the reaction was primarily earnings-driven. Occupancy improved, but NOI and margins fell quarter-to-quarter, so the question is, are they spending big to fill beds? At year-end 2025, Brookdale’s portfolio comprised 370 owned and 178 leased... Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

The 31st Edition of The Senior Care Acquisition Report has been published and is available to LevinPro LTC andLTC News subscribers now! With M&A at record levels and more buyers and sellers evaluating transactions today, we know how important having timely, accurate and relevant pricing data is in making their investment decisions. That is why we worked hard to get this Report out earlier in the year than ever before, and it was compiled with the largest proprietary dataset we have ever put together, including hundreds of confidential prices, cap rates and operating metrics. Thank you to all of our industry friends who helped us in that effort, because the large sample size allowed us... Read More »
2025 M&A and Valuation Stats Preview

2025 M&A and Valuation Stats Preview

Ben Swett, Managing Editor of The SeniorCare Investor, sat down with Matthew Alley of Senior Living Investment Brokerage, Bryan Lockard of JLL Valuation & Advisory, and Brittany Spicer of National Health Investors to discuss last year’s M&A market and to preview our Senior Care Acquisition Report. Panelists reviewed key statistics, including average pricing and cap rates. They also discussed 2026 expectations, new entrants and potential challenges facing the industry. The webinar concluded by asking panelists who they would rather be in 2026: a buyer or seller of Class-A or Class-B stabilized assets, or a best-in-class operator.    Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

60 Seconds with Swett: Values Soar Across All Sectors

We have been hard at work collecting and enriching our 2025 M&A data, and many listeners can attest to receiving a number of calls and emails from me over the last couple of months, and the result was the most deals we have ever compiled in any year, as well as the most property financials and cap rates. So a big thank you to all of our industry friends who helped in this effort.  Prices soared in all sectors, and set a couple of records. The average price per unit for assisted living properties reached $268,600, more than $20,000 higher than the previous record set in 2019. The independent living sector also hit new heights, with an average price per unit of $263,600. Average... Read More »
2025 Seniors Housing and Care M&A Activity Smashes Multiple Records

2025 Seniors Housing and Care M&A Activity Smashes Multiple Records

Seniors housing and care M&A activity in 2025 smashed the previous annual record of publicly disclosed transaction volume set in 2024, based on new acquisition data from LevinPro LTC. There were 871 publicly disclosed transactions in 2025, surpassing the previous record of 721 deals set in 2024 by 20.8%.   The number of publicly announced seniors housing and care acquisitions in the fourth quarter of 2025 rose to 285 deals, a new quarterly record. This total represents a 34.4% increase from the previous quarterly record of 212 deals set in Q3:25. It is also a 47.7% increase from Q4:24’s total of 193 transactions.   In addition, the $15.19... Read More »
60 Seconds with Swett: Annual M&A Activity Shatters Records

60 Seconds with Swett: Annual M&A Activity Shatters Records

We may sound like a broken record, but the M&A market keeps setting records and reaching new heights in the seniors housing and care industry. And it is smashing the previous records. In 2025, LevinPro LTC recorded 871 publicly announced transactions, which broke the previous annual record set in 2024 by 21%. Not only that, 2024’s total had beaten the previous annual record by 28.5%. So we have been on a proverbial rocket ship in the last two years. Much of the activity has centered around the seniors housing market, as despite intense buyer demand for skilled nursing facilities, there has been a relative dearth of facilities available for sale. Seniors housing deals, meanwhile, have... Read More »