Senior Care Acquisition and Investment Market: A Mid-Year View from the Market Peak
Recorded September 12, 2007
The seniors housing industry is clearly at the top of its game. Practically anything purchased three years ago – a facility of any type, a share of publicly traded stock or of a REIT – that had seniors housing or care associated with it rose in value, and did so dramatically. Despite favorable demographics for the next 30 years, values may not be able to continue their three-year rise, and it will have nothing to do with a change in the strong industry fundamentals already in place.
All health care REIT stocks, as well as most publicly traded skilled nursing and assisted living company stocks, peaked earlier this year in what may be a sign of a market top. And the acquisition market, while still strong, appears to be missing the same buzz that was unusually loud in 2005 and 2006. The buyers may still be there, but the quantity of portfolios seems to be smaller. The question then becomes, will the current abundance of capital move on to the next best thing? Or is it here to stay?
Whether you believe that the seniors housing and care market is at a peak or not, you will not want to miss this webcast to get a sneak preview of mid-year acquisition statistics and to find out what the experts see on the horizon for values, deal volume and the supply of capital.