Mergers and acquisitions in senior housing and care dipped slightly in the third quarter from the second quarter, but the number of public transactions was still 78% higher than it was a year ago, according to data released this week by LevinPro LTC.
There were 107 new deals in the third quarter, a 4% decrease from the 111 transactions in the previous three months. Total spending was down by 20%, however, with $5.3 billion spent on the third quarter transactions from the previous quarter’s historically strong total of $6.9 billion.
Assisted living communities accounted for most of the activity (61%) in the third quarter. Independent living deals took a 17% share of the quarter’s activity, followed by life plan communities at 10%. Active adult and affordable senior apartment deals took 5% and 4% of the deal activity, respectively.