Assisted Living Market Drags Down the Average Price Per Unit for Seniors Housing Communities, According to New Acquisition Report from Irving Levin Associates
NORWALK, CONN./ APRIL 10, 2019 (STL.News)
The average price per unit for seniors housing communities (which includes assisted living and independent living) dropped 9% year over year to $203,400 per unit in 2018, according to new acquisition data from Irving Levin Associates. Even though the 2018 average is still the fourth-highest per-unit price ever recorded, the median fell by a more alarming 30% to just $150,300 per unit. That suggests the typical seniors housing community sold in 2018 was either older, less occupied or struggling operationally (and usually some combination of the three) than in previous years.