Senior Housing News April 13, 2021
The number of publicly announced senior housing transactions fell sharply this year, and the pandemic is the big reason why.
There were just 77 such deals in the first quarter of 2021, according to new acquisition data from Irving Levin Associates. That’s 39% lower than the 127 transactions recorded in the fourth quarter of 2020, and 26% lower than the 104 recorded in the first quarter of 2020.
In the first quarter of 2021, senior housing and care deals totaled almost $1.5 billion, a 43% drop from the previous quarter’s total of $2.6 billion; and a 35% drop from the first quarter of 2020, when senior housing M&A volume totaled nearly $2.3 billion.
Sales of three or more properties accounted...