The senior housing mergers and acquisitions market continued to hum along as the first cases appeared in communities, and even if a temporary slowdown occurs as the crisis deepens, dealmaking could surge dramatically when the pandemic wanes. “We may see deals get delayed if a lender decides to sit tight and wait, but I truly believe you’re not going to see deals die because of it,” Jeremy Stroiman, CEO of brokerage Evans Senior Investments, told Senior Housing News. “Frankly, I think it’s going to be quite the opposite … I think this is going to create a tremendous amount of deal flow.” Other M&A brokers and advisors in the sector echo Stroiman, saying that almost all deals are moving forward at the moment, with capital market disruption a larger immediate threat than fears that coronavirus will have a lasting negative effect on communities. And, they believe the Covid-19 crisis could motivate more owners to sell, at a moment when interest rates make acquisitions attractive.
Read the full article: Lenders Jittery, But Coronavirus Could Ultimately ‘Catapult’ Senior Housing M&A //
Source: https://seniorhousingnews.com/2020/03/15/lenders-jittery-but-coronavirus-could-ultimately-catapult-senior-housing-ma