LAS VEGAS: Skilled nursing home facilities have not been a particularly hot product type in the past, but a renewed interest from some deep-pocketed investors has the sector poised for a renaissance, especially amongst smaller operators.
Although sizable investors like public and privately-held real estate investment trusts (REITs) remain the most active buyers of senior housing properties in terms of total investments, a number of drivers point to heightened transaction activities this year from skilled nursing home providers, particularly those operating less than 100 beds. A drive to consolidate is currently being driven by…