Seniors Housing Weekly Update - Strong January M&A Starts 2014

January 21, 2014

January 21, 2014. 60 Seconds with Steve Monroe. After a record number of seniors housing and care acquisitions in 2013, the start of 2014 shows no slowdown.

Strong January M&A Starts 2014

We are now three weeks into the New Year, and still finalizing our numbers for 2013, and what a year it was. As we have mentioned, 2013 was a record year in terms of number of seniors housing and care acquisitions. And while we can’t say yet whether we hit any records in per-unit and per-bed values, we know that if not, we should be close. This train just keeps on rolling. Usually there is a bit of a lull in January, especially a year ago after the spate of tax-change-driven deals closing in December 2012. But this January has been keeping us busy while we try to close out 2013 numbers. In addition to the onesie-twosie transactions, there have already been multi-facility deals of $100 million and up that have just been announced but actually closed at the end of December. More are expected by the end of January despite a few that have run into some pricing issues, but January may be one for the record books as well. Combined with all the new development partnerships and pipelines recently announced, there will be no shortage of things to write about in 2014.



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