Seniors Housing Weekly Update - Skilled Nursing Facilities Still in High Demand
August 27, 2013
Skilled Nursing Facilities Still in High Demand
Contrary to what some people may think, the skilled nursing market is far from dead. It may be evolving, but so is everything else as demands on the health care system do nothing but grow. There will always be the steady volume of low-priced transactions, but if the skilled nursing business was really that bad, we would not be seeing the sales at over $100,000 per bed that we have already seen this year, sometimes at record prices for their states. Some REITs have stated that they probably will not be investing in the sector for a while; others are buying skilled nursing facilities and creating great value for their shareholders. It is in markets such as this one where investors often find tremendous opportunities. That is just one of many reasons why we are hosting a webinar on Thursday September 12 called “Buying, Selling and Valuing SNFs.” We will be discussing the current investment market, who is buying or selling and why, whether cap rates will be impacted by the recent rise in interest rates, and why some of these buyers believe SNFs are part of the solution and not the problem. Please join me on September 12th, and come with your questions for our expert panel.