Tuesday, November 12, 2013
Irving Levin Associates hosts commercial webcasts on industry perspectives in M & A and finance in health care and senior housing. On Thursday, November 14, they are offering a webcast (1:00-2:30 p.m. Eastern) on "Assisted Living Facilities: Buying, Selling and Valuing."
As part of the marketing, Levin reports that in 2012, commercial transactions for "assisted living communities set a new pricing record at an average price of $164,000 per unit, which topped the previous record set in 2007." Further, Levin reports:
"Many factors enabled this to happen such as a drop in cap rates, an increase in lenders in the market, higher quality properties and portfolios in the market and many more aggressive buyers, including the smaller REITs and private equity firms. . . . There is a fear that with so much new development in certain markets, and with new developers entering the market, the assisted living sector may be faced with another round of overbuilding."
Sounds like an interest set of issues for discussion by the panel, as investors continue to look to retiring boomers for market inspiration.