• Harrison Street Divests Long Island Portfolio

    Harrison Street Asset Management sold five Class-A seniors housing communities throughout central Long Island and New York in a transaction valued at more than $600 million. Newmark handled the deal.  The portfolio comprises five assets, developed in partnership with B2K Development between 2016 and 2022. The communities have delivered... Read More »
  • Mid-Year 2025 Valuation Stats Update Webinar

    The SeniorCare Investor hosted its Mid-Year 2025 Valuation Stats Update webinar, sponsored by HealthTrust. Managing Editor Ben Swett moderated the discussion and presented the latest M&A and valuation statistics derived from LevinPro LTC’s proprietary database, updated through the most recent four-quarter period. He was joined by panelists... Read More »
  • Interview with Shawn Janus on Colliers’ Upcoming National Healthcare Conference

    The SeniorCare Investor’s Ben Swett sat down with Shawn Janus, National Director of Colliers, to discuss who should attend Colliers’ upcoming National Healthcare Conference in New Orleans from September 11th to 12th, what you can get from the conference and what themes will be top of mind among investors and advisors. Read More »
  • Vacant SNF Trades Hands in Missouri

    Blueprint was engaged by a regional owner/operator, subject to approval by the U.S. Bankruptcy Court for the Eastern District of New York, to conduct a comprehensive marketing process for the sale of Liberty Health and Wellness in Liberty, Missouri. Formerly a 143-bed, highly-profitable and well-occupied skilled nursing facility, the asset... Read More »
  • Berkadia Arranges Bridge Loan

    Steven Muth, Austin Sacco and Garrett Sacco of Berkadia Seniors Housing & Healthcare recently utilized Berkadia’s bridge lending program to secure $10 million in bridge financing for a repeat client Pacific Northwest sponsor.  The loan proceeds were used to retire existing debt on a 60-unit memory care community in Sequim, Washington, while... Read More »

Another Solid Quarter For Ventas

On the heels of Welltower’s blockbuster second quarter earnings report, Ventas turned in another solid performance as well. Same-community, SHOP occupancy jumped by 240 basis points year over year to 87.6%, NOI margin increased by 130 basis points to 28.4%, cash NOI increased 13.3% and RevPOR was up by 5.3%. The U.S. portfolio had a 290-basis point census increase, led by secondary markets that jumped by 360 basis points year over year. The Canadian portfolio, which was already over 95% occupied, held back the total increase but jumped by 80 basis points. How much higher can it really go? Ventas has made $1.1 billion in new seniors housing investments year to date, and that led management... Read More »
Seniors Housing and Care M&A Activity Inches Up in Q2:25 but Lags Behind Q2:24

Seniors Housing and Care M&A Activity Inches Up in Q2:25 but Lags Behind Q2:24

The number of publicly announced seniors housing and care acquisitions in the second quarter of 2025 totaled 181 deals, based on new acquisition data from LevinPro LTC. This represents a 1.1% increase from the 179 transactions disclosed in the first quarter of 2025, but a 3.2% decrease from the 187 deals in Q2:24. Additionally, the $5.68 billion spent on Q2:25 transactions fell by 2.7% from the $5.84 billion spent on Q1:25 transactions, and rose by 134.7% from the $2.42 billion spent in the year-ago first quarter, based on disclosed prices.  Stripping foreign transactions from the totals of publicly announced transactions, the second quarter of 2025 saw 133 U.S. deals, or 532 on an... Read More »
Brookdale Occupancy Hits 81%

Brookdale Occupancy Hits 81%

Brookdale Senior Living reported its first quarter earnings results, and it appears to be building on the momentum started at the end of 2024. In addition, month-end occupancy in April topped 81.0%, marking the ninth straight month with ending occupancy above 80.0%. While it is great the company is making progress, there is still a lot more work to do.  After declining in the second half of 2024, the seniors housing operating margin increased to 28.4% in the first quarter. This represents a 130-basis point increase from the year-ago quarter, but a whopping 290-basis point increase sequentially. Meanwhile, RevPOR increased by 3.0% year over year and 4.6% sequentially, contributing to... Read More »
NHI Raises Guidance in Q1 Earnings Report

NHI Raises Guidance in Q1 Earnings Report

National Health Investors came out with its first quarter earnings and reported modest improvements in several financial metrics from the year-ago quarter. The REIT also increased its 2025 annual guidance range, which investors must have liked, pushing up the share price by nearly 3% in the trading hours following the announcement and earnings call to hit year-to-date highs. Net income attributable to common stockholders per diluted common share for the Q1:25 was $0.74 compared to $0.71 during the same period in the prior year. It also included approximately $300,000 in proxy contest and related expenses for a proxy campaign launched by activist investor Jonathan Litt’s Land &... Read More »
60 Seconds with Swett: Welltower Is on a Roll

60 Seconds with Swett: Welltower Is on a Roll

Welltower came out with its first quarter earnings on Tuesday, and surprise, surprise, it was yet another great quarter, and its share price jumped 3.5% immediately upon the news. It was the tenth consecutive quarter in which same store SHOP NOI growth exceeded 20%, at 21.7% in the first quarter. Guidance for same store NOI growth also rose by 100 basis points to a midpoint of 19.0% for FY2025. On Tuesday’s call, Welltower did mention that SHOP margins remain below pre-pandemic levels, but they may not be for long. Also, that issue currently plagues thousands of communities in this country and was prevalent in the years before COVID too. Perhaps that is why most of what we hear from... Read More »
60 Seconds with Swett: April Already Passes 50 Transactions

60 Seconds with Swett: April Already Passes 50 Transactions

Tariff turmoil? Volatile and still-high interest rates? Uncertainty surrounding Medicaid spending, labor costs and HUD’s queue length? Seniors housing and care dealmakers have looked past a lot of this noise to announce 50 transactions in the first three weeks of the second quarter, putting the market on track for the busiest M&A period ever. We know we sound like a broken record, but the start of April did feel like we reached a new level of activity, and given the conversations we’ve been having in the last few weeks, the second and third quarters may only accelerate in deal volume. For some sellers, seeing through the January 2025 rate increases was enough to enter the transaction... Read More »