Senior Housing News August 15, 2024
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Publicly traded senior living companies are readying vast sums to deploy in new growth ventures in 2024 and beyond.
CEOs with companies including Welltower (NYSE: WELL), Ventas (NYSE: VTR) and National Health Investors (NYSE: NHI) laid out their companies’ respective plans and strategies during earnings calls in the last two weeks. All three companies are investing in senior housing operating portfolios and keeping their collective eyes open for new opportunities to grow.
The current wall of debt maturities coming due through 2026, low construction starts and rising occupancy places deep-pocketed companies, including REITs, in the driver’s seat for new transactions this year.
That said, these favorable conditions alone have not been enough...