Seniors Housing Business

ASHA 2016

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

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Page 11 of 71

AS H A 12 2016 ASHA 50 2016 The 2016 ASHA 50 survey was con- ducted as of June 1, 2016. The data portrays continued, steady growth for many of the larger seniors hous- ing owners and operators. At the mid-year, we continue to see plenti- ful access to capital for seasoned developers, owners, and opera- tors, and significant construction activity taking place in a number of U.S. markets, with particular emphasis on the development of new assisted living and memory care communities. Seniors Housing Real Estate Owners The total number of units owned by the 50 largest U.S. seniors hous- ing owners is 589,144 units. The largest five owners, all of whom are public companies, account for over half of the total owned units in this year's ASHA 50. Brookdale remains the largest seniors housing company in the U.S. with 78,595 units. Welltower Inc. (formerly Health Care REIT) has become the second largest owner with 65,042 units, a 9% increase over last year. Ventas Inc. follows as the third largest owner with 61,969 units. HCP Inc. with 49,000 units and Senior Housing Properties Trust at 34,687 units, round out the largest five owners. Publicly traded companies in this year's ranking represent 28% of the largest 50 owners, and account for nearly two-thirds (63% or 369,674 units) of the total owned units. Privately-held, for-profit com- panies that own 10,000 or more seniors housing units remains unchanged from 2015 and include: Boston Capital (29,134 units), Senior Lifestyle (16,187 units), Holi- day Retirement (10,474 units), and Harrison Street Real Estate Capital (10,000 units). ACTS Retirement-Life Commu- nities Inc. again ranks as the largest not-for-profit ASHA 50 owner with 7,902 units, followed by Presby- terian Homes & Services (7,325 units), and Covenant Retirement Communities (4,969 units). Califor- nia's American Baptist Homes of the West (ABHOW) and ASHA 50 survey highlights 500,000 400,000 300,000 200,000 100,000 0 2000 2001 2002 2003 2004 2005 2006 20007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Seniors housing units owned by largest 10 and largest 25 firms, 2000–2016 Largest 25 Largest 10 We continue to see plentiful access to capital for seasoned developers, owners, and operators, and significant construction activity in a number of U.S. markets ASHA 50 survey highlights ■ Publicly traded companies account for 63% of total owned units and 30% of total operated units. Owners Units Median Portfolio Size 5,709 Mean Portfolio Size 11,783 Portfolio Size of Largest Owner 78,595 Portfolio Size of Owner Ranked #50 2,855 Total Units Owned 589,144 Operators Units Median Portfolio Size 4,566 Mean Portfolio Size 9,845 Portfolio Size of Largest Operator 104,878 Portfolio Size of Operator Ranked #50 2,883 Total Units Operated 492,270

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