Inside the January Issue
Welcome to the reimagined NIC Insider. This new information tool from NIC provides insights and opinions from industry experts as part of our commitment to increasing access and choice for America’s older adults.
Now sent biweekly, the NIC Insider consolidates insights formerly found in NIC Notes, Recap, and Insider emails. Subsequently, you will receive fewer, but more focused emails from NIC with easier access to the information you need in today’s challenging and rapidly changing market.
INSIGHTer
What will be the catalyst that spurs transaction activity in 2024?
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“As we kick off 2024, I think market participants will be looking for certainty in the capital markets coupled with certainty in stabilized operations. This certainty will allow both buyers and sellers to gain the confidence needed to begin to transact again.”
Zach Bowyer, Senior Managing Director and Head of Senior Living Sectors Cushman & Wakefield -
“Partially interest rates (treasuries plus credit spreads for perm debt which is one of the two primary drivers of real estate value), but partially investor sentiment that the market has finally bottomed. This will come with rate cuts, therefore increasing investor confidence, which will equate to sellers with pent-up transaction needs (debt maturities, fund maturities, etc.) to act.”
Aron Will, Vice Chairman, Co-Head Senior Housing CBRE -
“Things have felt frozen. While I expect construction and new developments to remain low in 2024, loan maturities and private equity end of fund life will force sales and portfolio recaps and create opportunities for M&A.”
Audrey Griffin, Vice President, Wells Fargo
