Fully 115 senior living transactions took place in the second quarter, according to a report from Irving Levin Associates. This marked the fifth consecutive quarter in which deals reached triple digits.
Dollar volume rose about 60%, from $2.7 billion in the first quarter to $4.3 billion over the next three months. The Connecticut-based firm cited low-cost capital as a primary catalyst for the continuing deal-making pace. Private-sector firms dominated again, accounting for nearly two-thirds (65%) of the acquisitions that took place between April and June.
Real estate investment trusts accounted for 17% of the deals, barely edging the combined deals compiled by private equity firms and private real estate investors.