Senior Housing News September 25, 2024
After a period of strain, the senior housing industry is poised for a coming evolution and growth with strong tailwinds.
That’s according to the latest Senior Housing Outlook Report from commercial real estate and financial advisory firm Walker & Dunlop.
Capital markets challenges in 2024, particularly high interest rates, and wage growth have contributed to a lower year-over-year transaction volume while margins are still recovering to pre-pandemic levels. There were $3.5 billion of transactions in the first half of 2024, a 32% decrease from the prior year, the report’s authors wrote.
Quarterly transaction volumes have also decreased significantly over the past decade. The report states the average quarterly transaction volume between 2014 to 2019 was $4.4 billion; in 2024, it...