While seniors housing investment transaction volume may be drastically down at the moment, Meredith Oppenheim senior vice president of SavillsGranite, maintains that the industry is not down for the count.
The credit squeeze has made the outlook a little murky for owners and managers of seniors housing product, but John Cobb, the new president and CEO of Senior Lifestyle Corp., has no doubt that market fundamentals will sustain the industry in the long run.
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?