Senior Housing News Update – Property Sales Volume 2016 Q1

Q1 – 2016 – Is the senior housing market starting to cool off?

According to NIC MAP data, there were 114 closed transactions totaling $1.5 billion in sales for the first quarter of 2016.  89 were single property transactions while the remaining 25 being portfolio transactions.  Closed transactions fell 21% from the previous quarter and declined 29% on a year over year basis from Q1 2015.

Many attribute the decline to REITs sitting on the sidelines until prices fall.  Some markets are stronger than others.  To find out the strength of your market, contact Senturian Senior Housing Brokerage today.