• 60 Seconds with Swett: The Problem with CMS Interpretive Guidelines

    Just a day after we highlighted the potential downsides of overregulation of assisted living from the federal level, a case of regulatory overreach involving a nursing home just headed to the U.S. Court of Appeals for the Fourth District in hopes of overturning a $1.8 million civil monetary penalty. Without getting into the minutiae too much, the... Read More »
  • Kayne Anderson Fund Tops Target

    The familiar refrain continues, with more capital continuing to flow into the seniors housing industry, property prices should keep rising. Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., has closed the largest opportunistic equity fund in its history, at more than 70% above its initial... Read More »
  • Well-Performing Full-Continuum Community Sells

    Blueprint announced its role in the sale of Morningstar at Golden Ridge, a seniors housing community in Peoria, Arizona (Phoenix MSA). Built in 2019, the community has 38 independent living, 65 assisted living and 35 memory care units. It is nearly fully occupied. The community is one of the newest and most well-appointed assets within a... Read More »
  • Kaplan Development Divests to Cedarwood Group

    Cedarwood Group closed its acquisition of Saranac Village at Will Rogers, a 75-unit independent living community in Saranac Lake, New York. The seller was Kaplan Development Group, which took over Will Rogers after the first year of it being open as a senior living community. The community was originally built in 1928 as a Tudor-style... Read More »
  • Omega Welcomes New CEO and CFO

    Omega Healthcare Investors, Inc.’s President, Matthew Gourmand will become the REIT’s Chief Executive Officer in conjunction with the planned retirement of Taylor Pickett, effective October 1, 2026. Pickett will also step down from the Board of Directors upon his retirement, and the Board of Directors intends to appoint Gourmand to the Board,... Read More »
60 Seconds with Swett: Talking Construction and Cap Rates in Nashville

60 Seconds with Swett: Talking Construction and Cap Rates in Nashville

Another Spring NIC is in the books, and it was great to see so many industry friends in Nashville, which was a great setting for the conference, we must say. And it was another record attendance, with around 500 first-time attendees too. That surely is a sign of seniors housing’s appeal to potential new entrants. And they added to the positive energy in the room, overcoming some worried chatter about the Middle East, oil’s impact on inflation and the recent surge in the 10-Year Treasury Rate. There are plenty of deals, big and small, going around, leaving us more confident that we will break another M&A record in 2026. What we also left Nashville more confident about, which surprised... Read More »
60 Seconds with Swett: Talking Construction and Cap Rates in Nashville

60 Seconds with Swett: Burning Questions for NIC Attendees

This time next week, we’ll be heading out of Nashville from the Spring NIC conference likely buoyed by the overwhelmingly positive mood we’re expecting from most of our industry friends. It’s hard not to be optimistic when occupancy and margins are increasing to healthy levels nationally, and show no signs of stopping, when liquidity is increasing and when values are rising across both seniors housing and skilled nursing. We’ll want some questions answered when we hit the ground in Nashville, too. Like will prices for core, Class-A assets rise enough to force more investors into the Class-B/value-add space, and increase prices for those assets in 2026? Or, will the continued resident rate... Read More »
60 Seconds with Swett: The State of the Healthcare M&A Market

60 Seconds with Swett: The State of the Healthcare M&A Market

I attended the McDermott Will & Schulte Healthcare Private Equity Conference in Miami Beach last week, and the buzz mostly centered around increased investment in outpatient care, AI in healthcare and a persistent bid-ask spread that has kept healthcare M&A relatively steady, and down when comparing it to the seniors housing and care market. Still, there is no shortage of dry powder targeting deals across the healthcare spectrum. And buyers are having to get a little creative on deal structures, options outside of traditional M&A and ancillary sectors that they previously may not have considered.  The trip was good timing, because next week on Thursday March 19th, I’ll be... Read More »
60 Seconds with Swett: Talking Construction and Cap Rates in Nashville

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 »
60 Seconds with Swett: Talking Construction and Cap Rates in Nashville

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 »
60 Seconds with Swett: The State of the Healthcare M&A Market

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 »