National Investment Center (NIC) holds their main industry conference every Fall and a Regional conference every Spring, typically alternating between Florida and California.  The NIC conferences are typically attended by REITs, private equity companies, operators, lenders, brokers and industry suppliers of the Seniors Housing Industry.  The conference consists of speakers, educational sessions and a focus on networking meetings.

After recently returning from the Spring NIC conference in San Diego, I have a few observations:

1. The conference was well attended. The final attendee list showed about 1,000 attendees, which is an excellent turnout for a Regional conference.
2. The overall mood of the conference continues to be very upbeat in terms of buying, selling, financing and overall business operating fundamentals.
3. There is an abundant supply of capital, both debt and equity, available for acquisitions.
4. There is some concern that the sales market could be overheating as property values continue to increase.

Overall, I think the sales/acquisition market is in a good equilibrium with an ample supply of buyers, sellers and capital.  It is probably more of a seller’s market at the given moment.   However, given the low interest rates and lack of other attractive investments, it is still a good time for buyers as well.

If you are considering buying or selling a senior living community, please contact Jason Punzel at 630-858-2501 x 233 or [email protected].

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