60 Seconds with Steve Monroe and Ben Swett
60 Seconds is a weekly video series hosted by The SeniorCare Investor’s Steve Monroe and Ben Swett. It covers the biggest news of the week, the latest M&A trends, market statistics or other analysis at the top of their minds in the seniors housing and care industry. Any suggestions on future topics, thoughts on recent videos, or inquiries into sponsorship opportunities can be sent to editorial@levinassociates.com.
August 19, 2025 – 60 Seconds with Swett: An Update to Our Valuation Statistics
Deal activity in 2025 shows value-add dominance, some Class-A sales, steady liquidity, and slightly lower cap rates, boosting values. Join our Aug 28 webinar, A Mid-Year Valuation Stats Update, for fresh LevinPro LTC data and expert insights on market trends, buyers, and M&A strategies into 2026.
Transcript
The deal dynamics of 2025 appear to have changed very little, with a majority of transactions featuring value-add properties, a slowly increasing share of stabilized, Class-A properties being sold, steady improvements to the capital markets and liquidity and cap rates that have moved only slightly downwards. Taking all of those factors into account, we would expect values, both apples to apples and on an average basis, to have risen in 2025, so far.
We will be presenting our latest valuation statistics, derived from our proprietary LevinPro LTC data, in our August 28th webinar, titled A Mid-Year Valuation Stats Update, sponsored by HealthTrust. Plus, our three expert panelists will be discussing what they are seeing on the ground from a valuation perspective, what deals are coming to market that weren’t previously, what buyers are ready to transact again, and how M&A strategies should change into 2026. It will be a data- and analysis-rich conversation that you will not want to miss. Register today, and we will see you next Thursday.
60 Seconds with Swett: SNFs Get a Boost from CMS
CMS finalized a 3.2% SNF PPS rate hike for FY2026, raising payments by $1.16B—less than last year but above initial proposals. States are also adjusting Medicaid rates to better reflect SNF realities. Support remains strong post-pandemic, but uncertainty lingers as policy shifts could still impact margins.
60 Seconds with Swett: Welltower Continues to Climb
Welltower hit a record $165.87/share, pushing its market cap past $100B—the first in the industry. Q2 results impressed, with occupancy up 420 bps YoY to 88.8% and SHOP NOI rising 23.4%. A 10.4% dividend hike and $9.5B in liquidity position the REIT for continued growth through acquisitions and development.
60 Seconds with Steve: What Do People Really Think?
At our Q2 2025 webinar, 82% of attendees preferred buying over building despite aging inventory. Labor scarcity (48%) topped workforce concerns, while 50% cited cost as the main reason seniors avoid communities, not COVID-19, which only 5% noted.