Several companies inch up the annual list, thanks to game-changing REIT deals and smart expansion moves By Anya Martin Fast Forward Providers 10 SENIOR LIVING EXECUTIVE | MARCH/APRIL 2012 |
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2012
Largest
Senior Living
The overall dollar volume
of publicly announced
senior housing
acquisitions (including
skilled nursing) topped
$16 billion in 2011, up 40
percent from 2010. REITs
provided the vast majority
of acquisition funding.
Several management deals
were so large that they
wiped three well-known
companies off the list.
A number of regional
companies purchased
smaller portfolios,
triggering more reshuffling
on this year’s list.
Brookdale, Emeritus, and
Holiday are the biggest
three.
REITs and recovery. That’s the theme of this year’s 80 Largest Senior Living Providers list. When investors feared to tread in other real estate sectors, large REITs rushed into what hey saw as the safety net of senior living.
And, while new construction remained at low levels, absorption increased and the acquisitions market
exploded, accounting for significant movement and
consolidation among both large and midsize operators
on this year’s list.
