Dealmakers in 2025 notched virtually 21% extra transactions than in 2024, representing a record-smashing yr for the trade, in response to a brand new report from Levin Associates.
A separate new report from the Nationwide Funding Middle for Seniors Housing and Care (NIC) reveals that senior dwelling traders are on the “quick lane” of progress in 2026, and that they’re pivoting from “wait-and-see” to “should act” given the state of rising demand.
Levin Associates recorded 871 publicly introduced senior housing offers in 2025, an increase of 20.8% in comparison with 2024, when the corporate recorded 721 offers. Within the fourth quarter of 2025, senior dwelling dealmakers set a brand new quarterly document with 285 publicly introduced offers. The full is a greater than 34% improve from the earlier document of 212 offers set within the third quarter of 2025. The trade invested virtually $15.2 billion within the fourth quarter of 2025 alone. Senior housing offers made up the lion’s share of the entire offers (59%).
Complete spending on senior housing offers rose to $30.5 billion in 2025, “marking the best annual whole in additional than 10 years,” in response to a press launch from Levin Associates. The common greenback quantity of these offers in 2025 rose 177% from the $11 billion whole that dealmakers publicly shared in 2024.
Smaller offers drove a lot of senior dwelling M&A for almost all of 2025, however bigger gamers like Welltower (NYSE: WELL) notched huge blockbuster offers that pushed up the entire greenback quantity for senior dwelling offers final yr.
In the meantime, investor sentiment towards the senior dwelling trade in 2026 has advanced from “wait-and-see” to “should watch,” wrote NIC’s Omar Zahraoui in a latest weblog put up.
“Capital that when stood on the sidelines has re-entered the dialog,” he wrote. “Many traders aren’t simply observing the improved occupancy and fundamentals, they’re transferring towards a ‘must-act’ mentality. The robust NCREIF returns in 2025 have helped construct this momentum and are anticipated to stay robust in 2026. “
He added that lenders and capital suppliers are prioritizing current belongings as transaction volumes attain their highest ranges since 2015, in response to NIC knowledge.
“Pricing reinforces the pattern,” Zahraoui wrote. “Notably,four-quarter per-unit pricing climbed to $175,000 in 3Q 2025, simply 16% shy of its all-time peak. If present progress developments maintain, pricing is on observe to surpass that prime in 2026.”
