At a certain age, virtually any type property will become obsolete. Thus, at what age is it for Senior Living and Skilled Nursing Facilities? I believe it is more a matter of functionality than age. In today’s competitive world, Assisted Living Communities that are older converted Skilled Nursing Facilities tend to have challenges in keeping […]
Recently, I spoke at the Washington Healthcare Association’s (WHCA) annual conference. I have spoken there three times on the general state of the senior housing and skilled nursing sales market. For the first time, I had to say that the data shows that pricing has peaked. According to the National Investment Center (NIC), prices peaked […]
According to the Senior Care Acquisition Report 2016, the average price per unit for Assisted Living Facilities in 2015 was $189,200 and for Independent Living Facilities it was $192,900. However, is this really a good metric for valuing a senior living community? In 2015 the average price per unit for Class A Independent Living Facilities […]
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Should I sell now or wait to improve my community’s performance? As broker’s we get posed this question often. The biggest driver of a community’s value is its current net operating income and Cap Rates. Communities are typically valued be dividing its current net operating income (NOI) by the cap rate. A cap rate is […]
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