What tough market? 2008 was one of the most challenging M&A markets on record. Despite the difficult market, SLIB had a record breaking year. We represented 25% of all reported transactions. 2009 is expected to surpass 2008 and our market share should reach close to 40% for 2009. A recent surge in Seniors Housing sales has improved my outlook for continued recovery and strength in 2010. Investors, owners and operators are re-entering the market after sitting on the sidelines. We are experiencing a shortage of properties available. Smaller, relationship lenders are the debt vehicle of choice (and often the only option). HUD is an option, but the backlog of applications and a “use it or lose it” by the end of the year vacation policy for HUD employees is causing a longer than expected HUD LEAN process.
If you have thought about selling, now is a great time to explore this option. With the lack of supply available, demand alone is driving activity and pricing. I am available to put together a confidential proposal to determine market value.
“It’s tough to make predictions, especially about the future.” – Yogi Berra
Contact me via Email at Ryan Saul.
Sincerely,
Ryan Saul
Managing Director
Senior Living Investment Brokerage, Inc.
