Skilled Nursing News October 7, 2024
The third quarter of 2024 marked a record-breaking period for senior housing and care acquisitions, with a substantial year-over-year jump seen during the quarter for skilled nursing deals as well.
That’s according to data released Monday from LevinPro LTC. There were 175 total deals for the quarter, of which 37% were skilled nursing transactions.
Skilled nursing came second for the number deals closed during the third quarter, behind assisted living which accounted for 45% of the activity.
For the year, 700 annual transactions were completed, surpassing the previous high of 559 transactions set in 2022 by about 25%.
The total expenditure for senior housing and care transactions reached a staggering $2.96 billion, representing a 28.7% rise from $2.3 billion in...
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