Seniors Housing Business

ASHA 2018

Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.

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Page 14 of 80

AS H A 50 14 2018 ASHA 50 2018 The 2018 ASHA 50 survey was con- ducted as of June 1, 2018. The data portrays some of the larger owners and operators selectively pruning their portfolios amid a competitive period marked by continued access to capital, plentiful new supply, and muted demographic growth. Seniors Housing Real Estate Owners The total number of units owned by the 50 largest U.S. seniors hous- ing owners is 606,911 units. The largest five owners account for nearly half (42%) of the total owned units in this year's ASHA 50. Despite continued divestment, Brookdale Senior Living remains the largest seniors housing com- pany in the U.S. with 65,854 units. Welltower Inc. remains the second largest owner with 65,141 units. Ventas Inc. follows as the third larg- est owner with 58,080 units. Boston Capital, with 32,985 units, and HCP Inc., with 31,911 units round out the largest five owners. Publicly traded companies in this year's ranking represent 16 of the largest 50 owners, and account for nearly two-thirds (58% or 353,501 units) of the total owned units. Privately-held, for-profit com- panies that own 10,000 or more seniors housing units include: Boston Capital (32,985 units), Senior Lifestyle (13,718 units), Harrison Street Real Estate Capital (12,684 units) Kayne Anderson Real Estate Advisors (11,791 units), Enlivant (10,763 units) and Holiday Retire- ment (10,488 units). Kayne Anderson Real Estate Advisors grew 4,138 units from the 2017 ASHA 50 Owners List follow- ing its September 2017 $825 million acquisition of Sentio Healthcare Properties, which included a num- ber of private-pay seniors housing assets. Other owners with notable growth include: Bridge Seniors Housing and Medical Properties (2,259 units added), Capital Senior Living Corporation (2,580 units added), LCS (2,306 units added), and Sabra Health Care REIT, Inc. (2,451 units added). The Evangelical Lutheran Good Samaritan Society ranks as the largest not-for-profit ASHA 50 owner with 13,927 units, followed by ACTS Retirement-Life Commu- nities Inc. (8,582 units), Presbyterian Homes & Services (7,614 units), 2018 ASHA 50 Survey Highlights Publicly traded companies account for 58% of total owned units and 26% of total operated units Quick look 2018 ASHA 50 survey highlights Owners Units Median portfolio size 6,782 Mean portfolio size 12,138 Portfolio size of largest owner 65,854 Portfolio size of owner ranked #50 3,408 Total units owned 606,911 Operators Units Median portfolio size 6,468 Mean portfolio size 10,900 Portfolio size of largest owner 96,026 Portfolio size of owner ranked #50 3,358 Total units operated 545,001 Seniors housing units owned by largest 10 & largest 25 firms, 2000-2018 (in hundred thousands) 500 450 400 350 300 250 200 150 100 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Largest 25 Largest 10 ● ●

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