Seniors Housing Deals Hit Record High in October 2025

October 2025 Breaks All Records

• 110 deals announced, shattering the previous monthly record of 77 set in October 2024.
• Total dollar volume exceeded $11.5 billion, marking a new high.

Key Drivers Behind the Boom

• Increased capital flowing into the market.
• Improved operational efficiencies.
• High demand for portfolio expansion via M&A due to challenges in new property development.

Third Quarter 2025 Overview

• 213 publicly announced deals, a 17% increase from both Q2 2025 and Q3 2024.
• Total spending dropped by 31% from Q2 2025 but rose by 23% compared to Q3 2024.
• Deals were evenly distributed across July, August, and September.

Yearly Projections

• If the current pace continues, 2025 could see 852 deals, a 19% increase from 2024's record of 716.
• 581 deals so far in 2025, compared to 526 in the same period last year.

Breakdown of Deal Types in Q3 2025

• Assisted Living: 41% of total deals.
• Skilled Nursing: 39% of total deals.
• Independent Living, Affordable Senior Apartments, Active Adult, CCRCs: Remaining percentage.

Market Trends

• Increase in portfolio deals.
• Higher share of stabilized Class-A properties.
• Expected rise in average prices for 2025 and 2026.