M&A Market: Holding Steady, But Ready To Surge?

Recorded Thursday, September 13, 2012 at 1:00 p.m. (Eastern)

Despite a persistently weak housing market and looming reimbursement problems, the seniors housing and care acquisition market continues to thrive. One of the biggest problems, however, is that demand for properties is currently greater than the supply, at least for the higher quality properties and portfolios. If external factors continue to present potential roadblocks for high returns on investment, why do so many buyers want to invest in this sector? What do they see that perhaps others are not seeing?  How are they mitigating these risk factors in a choppy economic environment?

Transaction activity has slowed a little in 2012 compared with 2011, at least in terms of number of deals. But will the activity pick up in the second half of the year, and in particular, the fourth quarter, as owners worry about a possible capital gains tax increase in 2013? Will the REITs find large acquisitions like they did in 2011, or are most of the large portfolios gone or just not for sale? Will there be more not-for-profit sellers in the future as they seek to monetize their assets which have become unprofitable?    
 

Webcast
AT A GLANCE
DATE: Recorded Thursday, September 13, 2012
TIME: Whenever it's convenient for you. A recording will be made available in your membership account.
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BUY TODAY and learn about senior care market m&a mid-year analysis from our panel of leading industry experts—without ever having to leave your desk:

 

How have values changed since 2011?
Are cap rates still declining?
What’s the difference between “A” and “B” property cap rates and per-unit prices?
Has the current rally in valuations simply been a financial phenomenon because of historically low debt costs, or is something else happening?
Are sellers waiting for the election to see what the tax, reimbursement and regulatory environment will be?
Is the current environment a repeat of the 2006-2007 market peak?
PLUS...your chance to ask our panel of experts any questions about social media.

 

Panel of Experts:

Stephen Monroe
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the Read More
Editor, The SeniorCare Investor
John Dark, Prudential Real Estate Investors
John Dark is a Managing Director of Prudential Real Estate Investors (“PREI”), a fully integrated global real estate investment management firm with more than $49.1 billion of gross assets under management as of 12/31/11.  Mr. Dark currently directs Acquisitions, Sales, and Asset Management for Senior Housing Partners III and SHP IV, LLC. The SHP series of funds are closed-end, discretionary, commingled funds specifically Read More
Managing Director, Prudential Real Estate Investors
J. Justin Hutchens, EVP and CIO - Senior Housing and Care, HCP
J. Justin Hutchens became the Executive Vice President and Chief Investment Officer - Senior Housing and Care of HCP (NYSE: HCP) in September 2015. Before joining HCP, he was President and Chief Executive Officer of National Health Investors, Inc. (NYSE: NHI) since March 2011 and President and Chief Operating Officer ("COO") since February 2009.  He has national operating experience as the Senior Vice President and COO of Read More
Executive Vice President and Chief Investment Officer - Senior Housing and Care, HCP
Arnold Whitman, Co-Founder and Chairman of Formation Capital LLC
Mr. Whitman is Co-Founder and Chairman of Formation Capital. He is responsible for establishing, implementing and overseeing the company's strategic direction. Mr. Whitman has over twenty-five years' experience in the seniors housing and healthcare industry. In 1999, Mr. Whitman created Formation Capital as an advisory and equity investment firm for seniors housing and healthcare. Since founding the company, Mr. Whitman has overseen the Read More
Co-Founder and Chairman, Formation Capital LLC