Assisted Living Facilities: Buying, Selling and Valuing

Recorded Thursday, November 14, 2013 at 1:00 p.m. (Eastern)
This webcast is sponsored by Lancaster Pollard

In 2012, 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. 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 on the market and many more aggressive buyers, including the smaller REITs and private equity firms. We will look at the impact of a resuscitated development market on current and future values. 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. Would this take all values down as buyers and lenders pull back? Will the new properties be the winners as they out-compete the 1990s vintage communities, which at the time were state-of-the-art? No one knows the answer, but we will have a healthy discussion of what the real risks are, if any.

This educational offering is approved for 1.50 credit hours by the National Association of Long Term Care Administrator Boards (NAB). Upon webcast approval and enrollee’s successful completion of the test, Irving Levin Associates, Inc. will issue a NAB certificate of completion for students to issue to their state licensure boards.

 

Webcast
AT A GLANCE
DATE: Recorded Thursday, November 14, 2013
TIME: Whenever it's convenient for you. A recording will be made available in your membership account.
PLACE: Your office either online or by telephone
COST: $147 per dial-in connection. Unlimited attendance per dial-in connection.
REGISTERING IS EASY:
1. Online
2. Call toll-free: 1-800-248-1668


REGISTER TODAY for this unique webcast and learn about buying, selling and valuing assisted living facilities from our panel of leading industry experts — without ever having to leave your desk:

 

Has the increase in interest rates since last May put a halt to the declining cap rate scenario?
Have buyers taken a step back to question whether sub-6% cap rates make sense in a market where acuity levels are rising and interest rates have risen?
Without a drop in interest rates back to pre-May 2013 levels, is there anything that could drive cap rates downward to drive average prices up?
PLUS...your chance to ask our panel of experts any questions about the assisted living facility sector.

 

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
Paul Dendy, Chief Executive Officer of Milestone Retirement Communities
Paul Dendy was a founder and is Chief Executive Officer of Milestone Retirement Communities, LLC, located in Vancouver, Washington.  Milestone began operations in April 2008 with 5 retirement communities and 289 resident units.  Currently, Milestone manages 27 communities totaling 2,715 resident units, plus an adult day care with average daily attendance of over 40 seniors.  Milestone's management team owns all or part of 14 Read More
Founder & Chief Executive Officer, Milestone Retirement Communities, LLC
Todd Jensen, Chief Investment Officer of ARC Healthcare Advisors
Todd Jensen currently serves as Chief Investment Officer of ARC-Healthcare Trust. He has been in the real estate industry for 20 years, specializing primarily in healthcare properties. Most recently he helped build the healthcare real estate development and acquisition business at DASCO, a national leader in the development, financing, leasing and management of medical office buildings and outpatient facilities. There he established Read More
Chief Investment Officer, ARC Healthcare Advisors, American Realty Capital
Alan Plush, Senior Partner of HealthTrust LLC
Alan Plush, Senior Partner, HealthTrust LLC, a specialty senior housing and healthcare appraisal and consulting firm. Mr. Plush oversees a staff of highly qualified appraisers. HealthTrust operates from four locations in the U.S. (Sarasota, FL; Birmingham, AL; Boston, MA and Los Angeles, CA). In early 2003, he separated from PricewaterhouseCoopers' Global Valuation Group to serve as a principal of HealthTrust. To date, he has directly or Read More
Senior Partner, HealthTrust LLC
Scott Stewart, Founder and Managing Partner of Capitol Seniors Housing
Scott Stewart is the Founder and Managing Partner of Capitol Seniors Housing (CSH), a national seniors housing investment firm. CSH is a joint venture partner with one of the largest university endowments in the United States. CSH also partners with The Carlyle Group (Carlyle), one of the world’s largest private equity groups with $185.0 billion under management. Both CSH and Carlyle are headquartered in Washington, D.C. CSH was formed in Read More
Founder and Managing Partner, Capitol Seniors Housing