SAN DIEGO: Not-for-profit senior living organisations have been increasing their acquisition activity over the past several years, but signs suggest they are now pursuing even more deals.
Activity is expected to lift 50 per cent within the next 6 months.
With private capital flowing into the senior living sector and with borrowing costs low, for-profit organisations seized on acquisition opportunities as the economy rebounded.
But now the not-for-profits recognize they have to unlease capital tied up in care assets if they are to grow…