Despite some fears about the economy in general, industry insiders don’t see any signs of a slowdown in this specialized portion of the real estate world.
The New York-based investor said the deal would increase Sabra’s exposure to skilled nursing facilities, a business where profits are under pressure due to a shift toward different Medicare programs.
Under typical circumstances, a real estate segment that is showing signs of oversupply at the tail end of a building boom might be a source of concern for real estate professionals. That is not the case for seniors housing.
The decreases in occupancy for skilled nursing facilities have been more apparent in the last five years and have intensified in the last two, according to Bill Kaufman, senior principal with NIC.
The theme of NIC’s Spring Investment Forum on March 22-24th in San Diego is creating value in the seniors housing and care sector through collaboration with the health care system and care and service providers. Growth in frail elderly adults...
