The sales price for a U.S. skilled-nursing facility reached record levels in 2015.
Buyers paid an average price of $85,900 per bed for a skilled nursing facility last year, up 12 percent from 2014, according to a new report from Norwalk-based Irving Levin Associates.
In the assisted-living market, the average price paid per unit topped the previous record set in 2014 by nearly 1 percent, reaching $189,200 per unit in 2015, the report said.
The only area in the senior-care spectrum that witnessed a decline in average acquisition values was in the independent-living community sector.
A combination of abundant capital, low interest rates and continued investor demand resulted in one of the most active acquisition markets ever seen, the report said.
In 2015, there were 357 publicly announced acquisitions in the senior-care property market, representing an 18 percent increase over 2014.
The dollar value of the deals totaled $14.2 billion, down 44 percent from 2014. The overall value drop was due to the near absence of billion-dollar transactions in 2015 – one last year for $1.1 billion compared with five in 2014 totaling approximately $9.7 billion in senior care assets.
