Last week, our entire nationwide sales team attended MHI Congress & Expo in Vegas, held 21 meetings with the largest operators in the country, and hosted 2 dinners with over 130 of our colleagues. Here are some of the most valuable insights we picked up in 2 minutes:
1. After some pullback over the last few years during recapitalization periods, some of the major buyers have recently been capitalized. A couple of those multi-billion dollar groups are back now in a big way, looking for new deals.
2. Groups with existing portfolios recapitalizing with life insurance companies and more core capital sources, bringing down the cost of capital, allowing them to pay a little more for high quality properties.
3. The Midwest and Southeast regions are trending upwards, due mostly to lower perceived risk of natural disasters and less regulatory encroachment.
4. Rent control and regulation from the Northeast and Northwest regions continues to push in to the center of the country, discouraging private ownership
