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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2018 ASHA 50 15 AS H A 50 2018 450 400 350 300 250 200 150 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Largest 25 ● Largest 10 ● Covenant Retirement Communi- ties (4,757 units) and HumanGood (4,706 units). The minimum threshold for ranking on the ASHA 50 owners list increased to 3,408 units in 2018. Seniors Housing Operators The total number of units man- aged by the largest 50 seniors hous- ing operators is 545,001 units. This year's largest five largest operators are led by Brookdale Senior Living with 96,026 units, followed by LCS (33,883 units), Hol- iday Retirement (31,862 units), Five Star Senior Living (29,185 units) and Sunrise Senior Living (26,982 units). The five largest operators account for nearly half (40%) of the total managed units of the ASHA 50 operators. Although public companies represent only three ASHA 50 operators, they account for around a third (141,734 units) of the reported units managed. The largest publicly traded operators include: Brookdale Senior Living (96,026 units), Five Star Senior Living (29,185 units), and Capital Senior Living Corpora- tion (16,523 units). Private, for-profit companies that operate more than 10,000 units include: LCS (33,883 units), Holiday Retirement (31,862 units), Sunrise Senior Living (26,982 units), Erick- son Living (22,726 units), Atria Senior Living (21,512 units), Senior Lifestyle (19,949 units), Affinity Living Group (11,267 units) and Enlivant (10,993 units). MBK Senior Living has entered the ASHA 50 Operator list following its $382 million acquisition of nine communities from West Living, LLC. Also worth noting is new operator, Eclipse Senior Living Inc. which assumed management in January of 84 communities owned by Chicago-based REIT Ventas. The Evangelical Lutheran Good Samaritan Society is the largest not-for-profit operator, with a portfolio of 13,927 units. ACTS Retirement-Life Communities Inc. closely follows with 8,582 units. Other large not-for-profit operators include Presbyterian Homes & Ser- vices (8,344 units), Covenant Retire- ment Communities (4,757 units), and Human Good (4,433 units). The minimum threshold for inclusion on the 2018 ASHA 50 operators list is 3,358 units. n Seniors housing units operators by largest 10 & largest 25 firms, 2000-2018 (in hundred thousands) Mezzanine and Subordinate Loans, Preferred Equity, Sims HUD Plus SM , High-Leverage First Mortgages, FHA-Insured Loans n Higher leverage n Flexible structure n Non-recourse financing n Trusted partner Sims is the Right Capital Partner Curtis King Senior Vice President, HJ Sims 512.519.5003 • Anthony Luzzi President, Sims Mortgage Funding 201.307.9383 Your financial needs. Our can-do approach. Sims Mortgage Funding is a wholly-owned subsidiary of HJ Sims. Member of FINRA , SIPC.

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