The SeniorCare Investor will host an important webinar — Assisted Living: Acquiring and Selling in Today’s Turbulent Market — on Thursday, October 17, 2019, at 1:00 PM ET.
We are now nine years past the Great Recession, when it was discovered that assisted living was recession-resistant because when you need the care, there are not too many options. The assisted living market has grown significantly since the end of the recession in 2009, and values have been hovering near a market peak, despite all the occupancy, development and labor headwinds. For the right property, buyers have been known to acquire based on a 5% and even 4% cap rate, assuming the headwinds will dissipate or not impact a trophy property. But with talk of a much-delayed potential recession hitting the economy in the next year or two, will the assisted living acquisition market really continue on unabated? The majority of the properties will be over 20 years old by 2020, and some are showing their age. Does that mean it is time to sell and at what price?
Our moderators, Ben Swett, Editor of The SeniorCare Investor and Senior Care Acquisition Reports, and Steve Monroe, Managing Editor, will pose relevant topics such as: What are investors really thinking about traditional assisted living values, and will age have much of an impact; Who is selling at a time when the market may have already peaked; Who is buying, and are they expecting a resurgence in activity and values after the market absorbs all the recent development; Will lenders continue to supply the capital needed for an active acquisition market, and to support even higher values; When will cap rates start to decline, if at all.
Assisted living has seen the most development activity of all of seniors housing and care for the past several years, but will it be enough for the aging baby boomers, and will these boomers want something that was built 20 years ago? This is what buyers, investors, and developers will have to think about as they invest in this sector over the next several years, and at what price.
Plus, you will have an opportunity to ask the experts your questions during the live Q&A. Our panel of experts will include Jay Wagner, Executive Managing Director – National Seniors Housing Capital Markets, Cushman & Wakefield, Matthew Whitlock, Managing Director & Chief Investment Officer – Senior Housing, Berkshire Residential Investments, and Chris Hollister, Co-Founder & Vice-Chairman, Pegasus Senior Living.
If interested in this topic, then don’t miss the live webinar on October 17, 2019, at 1:00 pm ET. If unable to attend the live webinar, a recording with be available the following day.
Please visit https://products.levinassociates.com/downloads/1910web/ or call 203-846-6800 for more information about this interactive webinar.