The latest issue of our “Trends in Seniors Housing” newsletter is now available for download here.
In this issue HealthTrust Senior Partner Alan Plush elaborates on a frequently asked question. Peter Matteson from our Canadian division provides an in-dept look at Trends in the Canadian market, and we tell you a little bit about what’s happening around here. Hope you enjoy.
If we can be of assistance, call us at 941-363-7500 or contact us here.
In August 2013, David Rey Salinas, MAI, ASA was appointed to the ULI Senior Housing Council, a 50-member panel of professionals (senior living and healthcare real estate) who meet twice a year during ULI Spring and Fall Meetings. The many U.S. Product Councils play a key role in ULI’s mission of providing leadership in the responsible use of land and creating and sustaining thriving communities worldwide. “It gives me the opportunity to connect with industry leaders and both share ideas and learn from others who specialize in the seniors housing and healthcare industry niche,” says Salinas regarding the appointment. “It is also nice to spend time with members in a more relaxed atmosphere during scheduled pre-meeting activities; noting recent tours of The Clare and The Admiral, two newly constructed high-rise CCRCs in Chicago were arranged. Aside from the Council, what I enjoy most about attending the ULI General Session is the diversity of its members; backgrounds, career specialties, and the different countries they live in. It’s a real eye-opener and it’s nice to venture outside the senior housing appraisal space from time to time.”
The ULI Spring Meeting is just around the corner. We’ll be available to answer all your senior housing valuation questions. To schedule a meeting, please email David Salinas here, or call us at 941-363-7500.
For more information about the ULI Spring Meeting, please visit http://spring.uli.org/.
HealthTrust Canada has moved to our new office located in Mississauga, part of the Greater Toronto Area.
Please make a note of the new address and phone number below.
2430 Meadowpine Blvd., Unit 103
Mississauga, Ontario L5N 6S2
Our experienced senior housing appraisers can now provide healthcare, nursing home, and long term care appraisal and valuation services, market research, and financial feasibility consulting services to clients throughout Central and Western Canada.
For more information, please contact Peter Matteson or call us at 1-416-818-3030.
HealthTrust Partner Colleen Blumenthal, MAI will be speaking at the Facilitated Roundtable on Valuation Trends at ASHA’s 2014 Annual Meeting. The event will be held January 26-28 at the Turnberry Isle Miami Resort in Aventura, FL. Likely content will include current capitalization rate trends, transactions, senior housing appraisal, and other related topics. Colleen also specializes in HUD valuation and appraisal methodologies, and we encourage those interested in this sector to tap into her expertise.
Weather will certainly be one of the highlights for those arriving from the extreme temperatures experienced in the northern United States this winter. The disparity in temperature from parts of Michigan and Wisconsin versus Florida approached 100 degrees earlier in January – so the Miami climate will be a welcome reprieve.
Partners in attendance will include Alan C. Plush, MAI, Colleen H. Blumenthal, MAI and David Rey Salinas, MAI, ASA. The HealthTrust team will be available for meetings and we encourage those interested to look for us during the event, or contact us now to make arrangements. We hope to see you there.
The SeniorCare Investor’s Merger and Acquisition Webcast Series presents “Assisted Living Facilities: Buying, Selling, and Valuing” – Thursday November 14, 2013 1:00 pm ET
In 2012, assisted living communities set a new pricing record at an average price of $164,000 per unit, which topped the previous record set in 2007. Many factors enabled this to happen such as a drop in cap rates, an increase in lenders in the market, higher quality properties and portfolios on the market and many more aggressive buyers, including the smaller REITs and private equity firms. We will look at the impact of a resuscitated development market on current and future values. There is a fear that with so much new development in certain markets, and with new developers entering the market, the assisted living sector may be faced with another round of overbuilding. Would this take all values down as buyers and lenders pull back? Will the new properties be the winners as they out-compete the 1990s vintage communities, which at the time were state-of-the-art? No one knows the answer, but we will have a healthy discussion of what the real risks are, if any.
Our panel of experts include:
* Stephen M. Monroe (Moderator), Managing Editor and Partner, Irving Levin Associates, Inc.
* Alan Plush, Senior Partner at HealthTrust, LLC
* Paul Dendy, Founder & Chief Executive Officer, Milestone Retirement Communities, LLC
* Todd Jensen, Chief Investment Officer, ARC Healthcare Advisors, American Realty Capital
* Scott Stewart, Managing Partner, Capital Seniors Housing
To register Click Here or call 1-800-248-1668.
With the formation of HealthTrust Canada Inc., and the opening of an office in Toronto, HealthTrust is pleased to announce its return to the Canadian market.
Peter Matteson, formerly with Revera, has been named Principal. Peter brings over 25 years of experience in the seniors housing, residential retirement and licensed long-term care sectors, having provided consulting, market research and feasibility services to many of the major owner / operators in Canada.
We are excited to have Mr. Matteson as part of the HealthTrust team. This partnership ensures our Canadian clients receive the same expert level of service we have provided in the U.S. for over 10 years.
Long Term Care CXO Summit – July 25-26, 2013 at Eau Palm Beach Resort & Spa, FL.
HealthTrust Senior Partner Alan Plush, MAI, is gearing up to attend this year’s Long Term Care CXO Summit at Eau Palm Beach Resort & Spa. The Long-Term Care CXO Summit is the premium forum bringing senior level executives and solution providers together. The Summit offers an intimate environment for a focused discussion of key new drivers shaping the long-term care industry.
For more information, please visit longtermcaresummit.com.
Contact Alan Plush to schedule a meeting. We look forward to seeing you there!
CCRCs: Buying, Selling and Valuing – Thursday, May 23, 2013 at 1:00 p.m. ET – Hosted by: Irving Levin Associates, Inc.
We hope you join us as HealthTrust Partner David Salinas, MAI, joins a panel of industry experts in Irving Levin Associates‘ webcast “CCRCs: Buying, Selling and Valuing”. This webcast promises to provide a unique assessment of today’s CCRC market. Here are just a few topics to be covered:
Is there such a thing as a cap rate for CCRCs?
How do refundable entrance-fee liabilities impact the purchase price?
What is the best ratio of IL, AL and SNF beds for a CCRC?
How does the size of the campus impact the value and purchase price?
What is the best way to finance a CCRC acquisition?
What’s the primary concern of a buyer when looking at a CCRC purchase? How about the seller?
PLUS…your chance to ask our panel of experts any questions about buying, selling or valuing hospitals.
For more information on how to register for this webinar, please visit http://www.levinassociates.com/.
In the latest in a series of dialogues with key players regarding the current capital environment in the seniors housing and care industry, Michael Hargrave, vice president of NIC MAP®, recently interviewed Alan Plush, senior partner at HealthTrust, LLC.
Download the article here.
Seniors Housing Business, a France Media Publication, has kindly made available Alan’s recent article entitled “A Road Map To Valuing CCRCs” from their December 2012/January 2013 issue. We hope you find it useful.
Download the article here.
To find out more about Seniors Housing Business Magazine, please visit seniorshousingbusiness.com.
We hope you’ll join us as Alan Plush, MAI and Senior Partner of HealthTrust presents for The International Association of Assessing Officers “Innovation & Excellence Webinar Series.”
Nursing and Senior Housing Valuation Techniques and Trends
Wednesday, January 16, 2013
12:00pm – 2:00pm CST
Presented by Alan Plush
This webinar will cover the market value estimation process (with emphasis on the income approach), current market trends in the hospital and surgical center space, contribution of real estate as allocated from the total value, and how to look at functional obsolescence in facilities that are failing to perform. A review of market trends for this specialty niche will be presented so attendees understand how best to determine presence of absence of obsolescence and how market trends can render an otherwise good physical asset to one of little value.
To signup or find out more, please visit iaao.org.
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