“Assisted living sets record for price per unit,” by Lois A. Bowers, McKnight’s Senior Living
“The average price per unit in assisted living increased by 14% to set a record of $221,250 per unit in 2017, according to new acquisition data from Irving Levin Associates. The average cap rate for assisted living communities declined to 7.6%, which contributed to the higher values, the company said.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): ALF per unit price hits new high as SNF per unit price plummets (see next LTC Clipping.) As ALFs crowd out the custodial care market from SNFs, we’ll see more pressure to pay privately and more risk that Medicaid will move into assisted living with predictable negative consequences.