• 3rd Quarter Investor Call

    On Thursday, October 23, The SeniorCare Investor’s Ben Swett moderated a panel featuring expert panelists Erik Lindenauer of NewPoint Real Estate Capital, Sarah Anderson of Newmark, and James Scribner of Scribner Capital. The discussion focused on the lending landscape amid improved capital markets, and expectations heading into 2026. Panelists... Read More »
  • Seniors Housing and Care M&A Activity Remains Strong Through Q3:25, Suggesting Another Potential Record Year  

    The number of publicly announced seniors housing and care acquisitions in the third quarter of 2025 totaled 205 deals, based on new acquisition data from LevinPro LTC. This represents a 13% increase from the 182 transactions disclosed in the second quarter of 2025 as well as from the 182 deals in Q3:24. Additionally, the $3.47 billion spent on... Read More »
  • REIT Acquires Full-Continuum Community

    Amy Sitzman and Giancarlo Riso of Blueprint facilitated the sale of a full continuum, Class-A asset in North Ogden, Utah. Opened in 2019, The Lodge at North Ogden has 22 independent living, 70 assisted living and 30 memory care units. The community exhibited consistently strong cash flow and historically successful operations. Plus, there is... Read More »
  • Joint Venture Continues to Grow Its Portfolio

    Blueprint represented a large, institutional private equity firm in its divestment of an assisted living and memory care community, which Benchmark Senior Living and National Development ultimately acquired. Built in 2013, the 85-unit Arbor Terrace Roseland is in Roseland, New Jersey, near New York City. It was over 91% occupied with an EBITDAR... Read More »
  • Berkadia’s Q3 Financing Activity

    Berkadia’s Seniors Housing & Healthcare platform completed over $1.54 billion in financing for seniors housing communities as of the end of the third quarter. Under the leadership of SVP, Head of FHA & Seniors Housing Finance Steve Ervin, the platform facilitated $350 million in PLG Bridge with participations, $258 million in HUD... Read More »
Average SNF And Seniors Housing Prices Hit Four-Year Low

Average SNF And Seniors Housing Prices Hit Four-Year Low

The headwinds facing skilled nursing and assisted living have finally had their impact on acquisition values. We are obviously not in good times right now, but it is also not as bad as it sometimes appears. The mood is cautious for most, but hopeful for many, as occupancy and labor continue to be the problem issues facing the entire industry. What I don’t like, however, is when news reports come out saying that 50% of SNFs nationally lose money. What they fail to say is that this is after depreciation, amortization, interest and lease expense. Before these costs, the vast majority of nursing facilities are still making money, just not as much as in the past. It looks like 2018 was finally... Read More »
Average SNF And Seniors Housing Prices Hit Four-Year Low

Seniors Housing & Care Acquisition Stats

The Seniors Housing Acquisition and Investment Report, and the Skilled Nursing Acquisition and Investment Report will be coming soon with better data then ever before. We are closing out the 2018 data for our skilled nursing and seniors housing acquisition market statistics, which will be presented in two separate reports this year, to be released in March. They will be called the Seniors Housing Acquisition and Investment Report, and the Skilled Nursing Acquisition and Investment Report. Let’s just say that with a record number of publicly announced transactions last year, plus the private ones we receive, the quality of the data for this year’s reports is the best it has ever been. It... Read More »
Preliminary 2018 M&A Results Are In

Preliminary 2018 M&A Results Are In

The preliminary numbers are in, and 2018 has shattered the previous record for healthcare M&A deal volume with 1,850 transactions announced, and counting, according to Deal Search Online. That is more than 200 deals more than the previous record of 1,617 transactions announced in 2017. Of the 591 deals that disclosed a price across all 13 healthcare sectors, the total dollar volume comes out to about $330 billion, including two mega deals: Takeda Pharmaceutical Company’s $81.5 billion acquisition of rare disease pharmaceutical company Shire plc and Cigna’s purchase of pharmacy benefit manager Express Scripts for $67 billion. By contrast, 2017’s total reached $311.6 billion, the largest... Read More »
2018: The Year of the Senior Care Deal

2018: The Year of the Senior Care Deal

Congress and the White House may be at an impasse, but seniors housing and care investors have been making deals at a record-setting pace in 2018. As of now, with a few days left before the usual end-of-year rush of closings, we have recorded 400 publicly announced senior care transactions so far this year. That both beats the previous record (365 deals announced in 2015) and crushes last year’s total of 307 transactions. Dollar value may be a different story when the year wraps up, as the total of all disclosed prices just tops $12.6 billion, the lowest annual sum since 2013’s $11.7 billion. But we have always said the health of the M&A market should be measured by the number of... Read More »
Skilled Nursing Prices Hold Steady

Skilled Nursing Prices Hold Steady

Despite numerous headwinds, an aging supply and decreasing national census, skilled nursing facility prices stayed remarkably steady in the past four quarters. In the 12 months ended September 30, 2018, we recorded an average price of $81,900 per bed for skilled nursing sales, up 4% from the previous four-quarter period and up 0.7% from calendar year 2017. We saw more of a change in the average cap rate, which dipped below 12% (a pretty rare occurrence) to 11.9%, which is down from 12.55% in the 12 months ending June 30, 2018 and from 12.3% in 2017. The average price is still about 20% off from the sector’s record-high average price of about $100,000 per bed in 2016, which begs the... Read More »
Independent Living Prices Drop

Independent Living Prices Drop

Independent living prices dropped in the four quarters ended September 30, 2018, but not as sharply as assisted living did. Buyers paid on average $219,600 per unit for independent living communities, down from a near-record high of $241,300 per unit during the last four-quarter period. Why the smaller drop? The IL market has seen much less development in the space (and has seen more stable average occupancy as a result), and its less staff-intensive model lessens the future labor risks. However, this smaller market is still sharply divided between the luxury, high-rent and high-margin IL communities built in high barrier-to-entry markets, and the more middle-market communities. It’s those... Read More »