The dollar value of announced seniors housing and care acquisitions in the second quarter was more than six times the first quarter.
I hope you all had a happy 4th of July and got to stretch it into a four-day weekend. We are now in the mid-point of the year, and while transaction volume may have slowed a bit, the investment dollars are picking up steam. After a slow first quarter based on announced seniors housing and care acquisitions totaling only $1.4 billion, the second quarter has seen a significant spike to more than $9.6 billion in deal value. That’s the highest quarterly level since the third quarter of 2014. Admittedly, 65% of the dollars committed last quarter involved just two deals. But we are still expecting a few more big ones this year, so at 65% of last year’s dollar volume, 2017 should pass last year in total dollars. Continued low interest rates, plenty of capital and the investment hunger for anything with “senior” in it just keeps the deal flow coming. That said, the summer months are usually slow, but we know that several brokerage firms are on their way to record years. Have a great summer.
